VERNON SAV. & LOAN ASS'N v. COMMERCE SAV. & LOAN

Civ. A. Nos. CA3-87-2952-D, CA3-87-2953-D.

677 F.Supp. 495 (1988)

VERNON SAVINGS AND LOAN ASSOCIATION, FSA, and Dondi Group, Inc., Plaintiffs, v. COMMERCE SAVINGS AND LOAN ASSOCIATION, Gerald Stool, Donald F. Goldman, AMF Partnership, Ltd., Park Cosmopolitan Associates, Duck Hook Associates, Turnpike-Waldrop Joint Venture, Alamo Associates, Seven Flags Partnership, W. Deryl Comer, R.H. Westmoreland, and Jack Franks, Defendants.

United States District Court, N.D. Texas, Dallas Division.

January 22, 1988.


Attorney(s) appearing for the Case

Randall J. Shafer and William J. Ruhe, Jr., of Shafer, Ramsey & Ruhe, P.A., Samuel L. Boyd and R. Allen Jones, of Boyd & Fults, Dallas, Tex., Paul H. Friedman and Samuel J. Winer, of Arter & Hadden, Washington, D.C., Barry S. Zisman and David I. Hammond, of Arter, Hadden & Witts, Dallas, Tex., Jordan Luke, Jack Smith, Dorothy Nichols and Charles McDonald, of Office of General Counsel, Washington, D.C., of counsel, for plaintiffs-appellees.

Ernest E. Figari, Jr., Alan S. Loewinsohn, and James A. Jones of Figari & Davenport, Dallas, Tex., for movants-defendants-appellants.


MEMORANDUM OPINION AND ORDER

FITZWATER, District Judge.

The failure of Vernon Savings and Loan Association and its federally chartered successor, Vernon Savings and Loan Association, FSA, has spawned numerous state court lawsuits that the Federal Savings and Loan Insurance Corporation, as receiver, has removed to U.S. District Court.1 The court decides today that the FSLIC properly...

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