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FEDERAL SAVINGS AND LOAN INSURANCE CORP. v. HYKEL

Misc. No. 71-224.

333 F.Supp. 1308 (1971)

FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, Petitioner, v. George J. HYKEL and Havertown Savings and Loan Association, Respondents.

United States District Court, E. D. Pennsylvania.

October 18, 1971.

Attorney(s) appearing for the Case

Arthur W. Leibold, Jr., Gen. Counsel, Paul E. McGraw, Associate Gen. Counsel, Anthony J. McMahon, Atty., Federal Home Loan Bank Bd., Washington, D. C., for petitioner.

Louis C. Bechtle, U. S. Atty., Warren D. Mulloy, Asst. U. S. Atty., Philadelphia, Pa., L. Patrick Gray III, Asst. Atty. Gen., Jeffrey F. Axelrad and Harland F. Leathers, Attys., Dept. of Justice, Washington, D. C., as amicus curiae on behalf of petitioner.

F. Emmett Fitzpatrick, Jr., Philadelphia, Pa., for respondent George J. Hykel.

Thomas J. Reilly, Upper Darby, Pa., for respondent Havertown Savings and Loan Assn.

MEMORANDUM AND ORDER

JOHN W. LORD, Jr., Chief Judge.

This is a proceeding brought under the authority of Section 407(k) (2) of the National Housing Act (hereinafter referred to as Act), as amended 12 U.S. C.A. § 1730(k) (2), by the Federal Savings and Loan Insurance Corporation (hereinafter referred to as Corporation) against George J. Hykel and Havertown Savings and Loan Association (hereinafter referred to as Havertown), a savings and loan association...

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