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CITYFED FINANCIAL v. FEDERAL HOME LOAN BANK BD.

Civ. A. No. 85-2306.

615 F.Supp. 1122 (1985)

CITYFED FINANCIAL CORP., Plaintiff, v. FEDERAL HOME LOAN BANK BOARD, Federal Savings & Loan Insurance Corporation, George S. Mann, Unicorp American Corporation and Unicorp Canada Corporation, Defendants.

United States District Court, District of Columbia.

August 14, 1985.

Attorney(s) appearing for the Case

James H. Schropp, Robert E. Juceam, Stephen Lew, Robert H. Ledig, Fried, Frank, Harris, Shriver & Jacobson, Washington, D.C., for plaintiff.

Scott B. Schreiber, A. Patrick Doyle, Robert N. Weiner, Arnold & Porter, Washington, D.C., and Steven M. Barna, Kenneth B. Forrest, Louis J. Barash, Wachtell, Lipton, Rosen & Katz, New York City, for Unicorp defendants.

William K. Black, Denise Z. Field, James T. Lantelme, Federal Home Loan Bank Bd., Washington, D.C., for Federal Home Loan Bank Bd. and Federal Savings and Loan Ins. Corp., Norman H. Raiden, Gen. Counsel, Ralph W. Christy, Deputy Gen. Counsel, Washington, D.C., of counsel.

MEMORANDUM

OBERDORFER, District Judge.

I.

Plaintiff CityFed Financial Corp ("CityFed") is a publicly held savings and loan holding company incorporated under Delaware law with total assets in excess of $7 billion. Defendants Federal Home Loan Bank Board ("Board") and the Federal Savings and Loan Insurance Corporation ("FSLIC") are agencies of the United States Government. Defendant George S. Mann ("Mann"), an alien residing in Canada,

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