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

Civ. No. Y-83-1422.

599 F.Supp. 1184 (1984)

FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, Plaintiff, v. Frank E. WILLIAMS, Jr., et al., Defendants.

United States District Court, D. Maryland.

December 5, 1984.


Attorney(s) appearing for the Case

Henry R. Lord, Neil J. Dilloff, Jonathan D. Smith, and David H. Bamberger, Baltimore, Md., for plaintiff.

Richard K. Willard, Washington, D.C., J. Frederick Motz, Baltimore, Md., Jeffrey Axelrad, Washington, D.C., Nikki Calvano Maliha, Washington, D.C., for the United States of America, counterclaim defendant.

Benjamin R. Civiletti, Washington, D.C., John Henry Lewin, Jr., Paul F. Strain, Charles M. Kerr, and James L. Shea, Baltimore, Md., for defendants Frank E. Williams, Jr., Seymour S. Abensohn, E. Fulton Brylawski, W. Evans Buchanan, Glen J. Loepenick, Jr., John C. Kelly, Robert K. Maddox, and Henry H. Semmes, Jr.

Kevin J. McCarthy, Upper Marlboro, Md., for defendant Abe Pollin.

Robert L. Flanagan, Baltimore, Md., for defendant Leolla L.J. Fisher.


MEMORANDUM

JOSEPH H. YOUNG, District Judge.

I. BACKGROUND

This case concerns alleged misconduct on the part of certain directors, employees, and officers of County Federal Savings and Loan Association ("County"). County, a federally chartered savings and loan association insured by the Federal Savings and Loan Insurance Corporation ("FSLIC"), ceased to exist on August 10, 1981, when it was merged into Metropolitan Federal Savings and Loan Association...

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