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

Nos. 85-2340 to 85-2342.

816 F.2d 130 (1987)

FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, a corporate instrumentality and agency of the United States, Appellee, v. Robert N. REEVES, Appellant, and Frank E. Williams, Jr.; Seymour S. Abensohn; E. Fulton Brylawski; W. Evans Buchanan; John C. Kelly; Glen J. Koepenick, Jr.; Robert K. Maddox; Harry H. Semmes, Jr.; Abe Pollin; Thomas J. O'Halloran, Jr.; Raymond L. Ellis, Jr.; Leolla L.J. Fisher; Michael L. Heup; Samuel J. Pierce; Walter L. Hagman; Richard A. Reed; Real Property Associates, Inc., a Maryland corporation; Lee Shoe; Arthur C. Older; Sharon A. Manuel O'Halloran, Defendants, and FEDERAL SAVINGS & LOAN INSURANCE CORPORATION, the United States of America, and John Doe, one or more unknown agents of Federal Savings and Loan Insurance Corporation (FSLIC) and/or the Federal Home Loan Bank Board (FHLBB), Counterclaim Defendants, v. METROPOLITAN FEDERAL SAVINGS AND LOAN ASSOCIATION OF BETHESDA and Hoye, Graves, Bailey & Associates, P.A., Third Party Defendants. FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION; a corporate instrumentality and agency of the United States, Appellee, v. Leolla L.J. FISHER, Appellant, and Frank E. Williams, Jr.; Robert N. Reeves; Seymour S. Abensohn; E. Fulton Brylawski; W. Evans Buchanan; John C. Kelly; Glen J. Koepenick, Jr.; Robert K. Maddox; Harry H. Semmes, Jr.; Abe Pollin; Thomas J. O'Halloran, Jr.; Raymond L. Ellis, Jr.; Michael L. Heup; Samuel J. Pierce; Walter L. Hagman; Richard A. Reed; Real Property Associates, Inc., a Maryland corporation; Lee Shoe; Arthur C. Older; Sharon A. Manuel O'Halloran, Defendants, and FEDERAL SAVINGS & LOAN INSURANCE CORPORATION, the United States of America, and John Doe, one or more unknown agents of Federal Savings and Loan Insurance Corporation (FSLIC) and/or the Federal Home Loan Bank Board (FHLBB), Counterclaim Defendants, v. METROPOLITAN FEDERAL SAVINGS AND LOAN ASSOCIATION OF BETHESDA and Hoye, Graves, Bailey & Associates, P.A., Third Party Defendants. FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, a corporate instrumentality and agency of the United States, Appellant, v. Robert N. REEVES; Leolla L.J. Fisher, Appellees, and Frank E. Williams, Jr.; Seymour S. Abensohn; E. Fulton Brylawski; W. Evans Buchanan; John C. Kelly; Glen J. Koepenick, Jr.; Robert K. Maddox; Harry H. Semmes, Jr.; Abe Pollin; Thomas J. O'Halloran, Jr.; Raymond L. Ellis, Jr.; Michael L. Heup; Samuel J. Pierce; Walter L. Hagman; Richard A. Reed; Real Property Associates, Inc., a Maryland corporation; Lee Shoe; Arthur C. Older; Sharon A. Manuel O'Halloran, Defendants, and FEDERAL SAVINGS & LOAN INSURANCE CORPORATION, the United States of America and John Doe, one or more unknown agents of Federal Savings and Loan Insurance Corporation (FSLIC) and/or the Federal Home Loan Bank Board (FHLBB), Counterclaim Defendants, v. METROPOLITAN FEDERAL SAVINGS AND LOAN ASSOCIATION OF BETHESDA and Hoye, Graves, Bailey & Associates, P.A., Third Party Defendants.

United States Court of Appeals, Fourth Circuit.

Decided April 9, 1987.


Attorney(s) appearing for the Case

Jacob A. Stein (John A. Pirko, Stein, Mitchell & Mezines, Washington, D.C., Leolla L.J. Fisher, on brief), for appellant.

Neil J. Dilloff, David H. Bamberger (Henry R. Lord, Jonathan D. Smith, M. Rosewin Sweeney, Piper & Marbury, Baltimore, Md., Ralph W. Christy, Deputy Gen. Counsel, William K. Black, Sr. Associate Gen. Counsel, Charlotte A. Reid, Trial Atty., Federal Home Loan Bank Bd., Washington, D.C., on brief), for appellee.

Before WINTER, Chief Judge, BUTZNER, Senior Circuit Judge, and McMILLAN, United States District Judge for the Western District of North Carolina, sitting by designation.


HARRISON L. WINTER, Chief Judge:

This suit was brought by the Federal Savings and Loan Insurance Corporation ("FSLIC") against former officers and directors of County Federal Savings & Loan Association ("County Federal"), a federally insured institution which, prior to suit, was merged into Metropolitan Federal Savings and Loan Association ("Metropolitan"). FSLIC sought damages for mismanagement of loans, fraud, breach of contract, and breach of fiduciary duties...

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