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

No. CV 87-4124-WDK (Tx).

686 F.Supp. 819 (1988)

FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION as Conservator for Westwood Savings and Loan Association, Plaintiff, v. Edward ISRAEL; Albert Collins; Alvin F. Howard; Richard S. Herschenfeld; Ronald Shenkman; Robert Margolis; Mark A. Bishop; John Auletta; Michael Moers; and Linda Collins, Defendants, And Related Cross-Actions.

United States District Court, C.D. California.

May 31, 1988.


Attorney(s) appearing for the Case

Peter W. James and Patrick J. Cain, McCutchen, Black, Verleger & Shea, Los Angeles, Cal. (Office of the General Counsel, Federal Home Loan Bd., Washington, D.C., of counsel), for plaintiff.

Mitchell, Silberberg & Knupp, Edward Medvene, Los Angeles, Cal., for Alvin F. Howard.

Bergman & Wedner, Inc., Gregory A. Wedner, Los Angeles, Cal., for Linda Collins.

Robert M. Ornstein, Santa Barbara, Cal., for John Auletta.

Stern & Miller, Andrew S. Pauly, Santa Monica, Cal., for Albert Collins.

Loeb & Loeb, Alan Wilken, Los Angeles, Cal., for Edward Israel.

Boren, Sloan, Deutsch & Rosen, Peter K. Rosen, Los Angeles, Cal., for Richard S. Herschenfeld.

Jeffer, Mangels & Butler, Robert E. Mangels, Los Angeles, Cal., for Ronald Shenkman.

Weisman, Butler & Watson, Mark L. Weisman, Beverly Hills, Cal., for Mark A. Bishop.

Rosen, Wachtell & Gilbert, Holly J. Fujie, Los Angeles, Cal., for Michael Moers.

Sidley & Austin, Thomas Hanrahan, Los Angeles, Cal., for Robert Margolis.


MEMORANDUM OPINION AND ORDER

KELLER, District Judge.

BACKGROUND

Plaintiff Federal Savings and Loan Insurance Corporation (FSLIC) brings this action in its capacity as conservator for Westwood Savings and Loan Association (Westwood), a state-chartered institution insured by FSLIC. FSLIC has alleged that Westwood's former directors, various former officers, and other individuals are liable for breach of fiduciary duty, fraud, and conspiracy. Defendants...

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