MORSEMERE S & L ASS'N v. MARSTON

No. Civ. 78-426.

500 F.Supp. 1253 (1980)

MORSEMERE SAVINGS AND LOAN ASSOCIATION, Plaintiff, and Fort Lee Savings and Loan Association, Intervenor-Plaintiff, v. Garth MARSTON, Robert H. McKinney, The Federal Home Loan Bank Board and Community Federal Savings and Loan Association, Defendants.

United States District Court, D. New Jersey.

October 28, 1980.


Attorney(s) appearing for the Case

Harkavy, Goldman, Goldman, Caprio & Levy by E. Robert Levy, East Orange, N.J., for Morsemere.

T. Robert Zochowski, Princeton-Junction, N.J., for Fort Lee Savings and Loan Association.

Harvey Simon, Associate Gen. Counsel (John E. Gunther, and Paul W. Grace, Trial Attys., Washington, D.C., with Milan C. Miskovsky, Gen. Counsel and Ralph W. Christy, Senior Associate Gen. Counsel, Washington, D.C., of counsel), for Federal Home Loan Bank Board and members.

Weber, Muth & Weber by Walter W. Weber, Jr., Ramsey, N.J., for Community Federal Savings and Loan Association.


BIUNNO, District Judge.

This action challenges a resolution of the Federal Home Loan Bank Board (Board) authorizing Community Federal S & L Ass'n (Community) to open a branch office at or in the immediate vicinity of 1365 Inwood Avenue, Fort Lee, N.J., dated November 30, 1977.

It is brought by Morsemere Savings and Loan Ass'n (Morsemere), a New Jersey chartered institution. Fort Lee Savings and Loan Ass'n (Fort Lee), as intervenor, also challenges the...

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