ROBERTS DEVELOPMENT CORP. v. HARRIS

No. C-860358.

36 Ohio App. 3d 111 (1987)

ROBERTS DEVELOPMENT CORPORATION, APPELLANT, v. HARRIS, SUPT., APPELLEE; HOME STATE SAVINGS ASSOCIATION.

Court of Appeals of Ohio, Hamilton County.

Decided May 6, 1987.


Attorney(s) appearing for the Case

Daniel F. Ryan, for appellant.

Porter, Wright, Morris & Arthur, Joanne M. Schreiner and John C. Hartranft, for appellee Connie J. Harris, Superintendent.


Per Curiam.

This appeal arises from the morass caused by the failure of Home State Savings Association ("Home State"). In early 1985, the Ohio Superintendent of Building and Loan Associations ("superintendent"), appellee, took possession of Home State through a conservator because of its insolvency. It became national news that Home State's insolvency created a panic and investors began a "run" on all state-insured savings institutions.

On May 21, 1985...

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