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COURSHON v. F. T. C.

Civ. A. No. 76-2308.

435 F.Supp. 24 (1977)

Arthur H. COURSHON and Washington Federal Savings and Loan Association of Miami Beach, Plaintiffs, v. The FEDERAL TRADE COMMISSION et al., Defendants.

United States District Court, District of Columbia.

January 28, 1977.

Attorney(s) appearing for the Case

Lloyd Symington, Washington, D.C., for Arthur H. Courshon.

Harding deC. Williams, National Savings & Loan Ass'n, Washington, D.C., for Wash. Fed. S. & L. Ass'n of Miami Beach, plaintiffs.

David M. Fitzgerald, F. T. C., Washington, D.C., for defendants.

MEMORANDUM AND ORDER

BRYANT, District Judge.

On May 17, 1976, the Federal Trade Commission issued a complaint against Perpetual Federal Savings & Loan Association in which it alleges that Perpetual is violating section 5 of the Federal Trade Commission Act by sharing common directors with competing banks in the Washington, D. C. area. The issue the complaint raises is a novel one, since interlocking directorships between

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