IMPERIAL SUPPLY CO., INC., PROFIT SHARING TRUST, et al., Plaintiffs,
v.
NORTHERN OHIO BANK et al., Defendants.
United States District Court, N. D. Ohio, E. D.https://leagle.com/images/logo.png
December 13, 1976.
December 13, 1976.
Attorney(s) appearing for the Case
Avery S. Cohen, Guren, Merritt, Sogg & Cohen, Cleveland, Ohio, Byron S. Krantz, Kadish, Krantz & Weiss Co., LPA, Cleveland, Ohio, for plaintiffs.
Victor M. Javitch, Javitch & Greenwald, Cleveland, Ohio, for Elliot P. Guttenplan, Robert P. Madison and John F. Sytsma.
Ronald B. Peltz and Ronald M. Lipson, Cleveland, Ohio, for Ronald B. Peltz, Bernard L. Plechaty, Richard W. Schulz and Leon M. Worley.
Robert F. Longano, Leanza, Longano, Farina, Mendelsohn & Papandreas, Cleveland, Ohio, for Mario J. Boiardi.
Sheldon Berns, Michael H. Diamant, Kahn, Kleinman, Yanowitz & Arnson, Cleveland, Ohio, for Walter A. Zaremba.
Richard Cusick, Terrence J. Clark, Calfee, Halter & Griswold, Cleveland, Ohio, for Bernard L. Plechaty.
Robert A. Goodman, Alan N. Hirth, Benesch, Friedlander, Mendelson & Coplan, Cleveland, Ohio, for Bruce B. Felder.
Jacob I. Rosenbaum, Robert B. Haas, Burke, Haber & Berick, Cleveland, Ohio, for Peter Chernicky and Robert T. Hexter.
James T. Crowley, Thompson, Hine & Flory, Cleveland, Ohio, for Joseph W. Getzendanner, Jr.
David N. Brown, Brown & Brown, Medina, Ohio, for John J. Marquis.
Sterling Newell, Jr., Spieth, Bell, McCurdy & Newell, Cleveland, Ohio, David R. Hyde, Ada Meloy, Cahill Gordon & Reindel, New York City, for Peat, Marwick, Mitchell & Co.
Otto D. Themann, Themann, Kabaker & Bialosky, Cleveland, Ohio, for John P. Stewart, Sr.
James A. Smith, Don C. Scriven, Squire, Sanders & Dempsey, Cleveland, Ohio, for Northern Ohio Bank.
Ronald I. Weiss, Kohrman and Jackson Co., L.P.A. Cleveland, Ohio, for Willis B. Boyer, Jr. and Robert P. Madison.
Spieth, Bell McCurdy & Newell, Cleveland, Ohio, for Leon M. Worley.
Robert S. Balantzow, Nadler, Sokolsky, Bahas & Balantzow, Cleveland, Ohio, for John P. Stewart, Sr., and Otto Themann.
John R. Climaco, Climaco, Goldberg & Boukalik, Cleveland, Ohio, for John P. Stewart, Jr.
Alan Arnold, November & Arnold, Cleveland, Ohio, for Ronald B. Peltz.
John M. Widder, Cleveland, Ohio, for Michael W. McKenna.
Mark O'Neill, Cleveland, Ohio, for William W. Taft.
A. R. Mays, Cleveland, Ohio, for Richard W. Palmer.
Joseph C. Domiano, Cleveland, Ohio, for Louis A. Kastelic.
John Ritter, Sr., Coral Gables, Fla., for John Ritter.
United States District Court, N. D. Ohio, E. D.
MEMORANDUM AND ORDER
MOTIONS TO DISMISS
WILLIAM K. THOMAS, District Judge:
The Northern Ohio Bank (NOB), first named the Metropolitan Bank of Cleveland, began business in 1971 in the Standard Building in Cleveland, Ohio. On February 14, 1975, the bank's directors turned the bank over to the Ohio Superintendent of Banks, on the grounds that the bank was insolvent. Thereupon the Federal Deposit Insurance Corporation (FDIC) was appointed receiver...
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