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FEDERAL SAV. AND LOAN INS. CORP. v. BASS

No. 82 C 1293.

576 F.Supp. 848 (1983)

FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, in its corporate capacity and as Receiver for Unity Savings Association, Plaintiff, v. Howard BASS, Mitchell Bass, Rowland Frazier, Howard Harris, Anthony Grassi, Intercounty Title Company of Illinois and Central National Bank of Chicago, Defendants.

United States District Court, N.D. Illinois, E.D.

October 31, 1983.

Attorney(s) appearing for the Case

John L. Rogers, III, Hopkins & Sutter, Chicago, Ill., for plaintiff.

Craig Ehrlich, Braun & Rivkin, Allan E. Lapidus, Vedder, Price, Kaufman & Kammholz, Shayle P. Fox, Jeffrey A. Colby, Fox & Grove, Chtd., James M. DeZelar, Edward S. Salomon, Robbins, Coe, Rubinstein & Safran, Ltd., Chicago, Ill., for defendants.

Robert Handelsman and Jeffrey D. Cohen, Chicago, Ill., for Intercounty Title Co. of Illinois.

MEMORANDUM OPINION AND ORDER

WILLIAM T. HART, District Judge.

This action, currently before the Court upon the cross motions of all remaining parties for summary judgment, arises out of the failure of Unity Savings Association ("Unity"). The Federal Savings & Loan Insurance Corporation ("FSLIC") brought its one count complaint against Howard Bass and Mitchell Bass (the "Basses"), former officer-directors...

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