HARALSON v. FEDERAL HOME LOAN BANK BD.

Nos. 86-5363, 86-5364, 86-5671 and 86-5672.

837 F.2d 1123 (1988)

John B. HARALSON and Ben Milam Savings & Loan Association, Appellants, v. FEDERAL HOME LOAN BANK BOARD, et al. John B. HARALSON and Mercury Savings Association of Texas, Appellants, v. FEDERAL HOME LOAN BANK BOARD, et al. John B. HARALSON, et al., Appellants, v. FEDERAL HOME LOAN BANK BOARD, et al. John B. HARALSON, et al., Appellants, v. FEDERAL HOME LOAN BANK BOARD, et al.

United States Court of Appeals, District of Columbia Circuit.

Decided January 22, 1988.


Attorney(s) appearing for the Case

Karl Alexander, Pittsburgh, Pa., of the bar of the Supreme Court of Pennsylvania, and Robert L. Henry, of the bar of the Supreme Court of Michigan, pro hac vice, by special leave of this Court, for appellants. Stephen D. Susman, Randall W. Wilson, Houston, Tex., Judah Best, Ronald S. Cooper and Howard H. Stahl, Washington, D.C., were on the brief, for appellants. Henry N. Libby, Washington, D.C., also entered an appearance, for appellants.

Kirk K. Van Tine, Washington, D.C., with whom Perry O. Barber, Jr., Houston, Tex., Peter A. Moir, Dallas, Tex., William C. Slusser, Houston, Tex., Harry W. Quillian, General Counsel, Federal Home Loan Bank Bd., Ralph Christy, Deputy General Counsel, Federal Home Loan Bank Board, William K. Black, Sr. Associate General Counsel, Federal Home Loan Bank Bd., and Paul W. Grace, Associate General Counsel, Federal Home Loan Bank Bd., Washington, D.C., were on the brief, for appellees. Dorothy L. Nichols, Washington, D.C., and Jordan Luke also entered appearances, for appellees.

Before WALD, Chief Judge, SENTELLE, Circuit Judge, and GIBSON, Senior Circuit Judge.


Opinion for the Court filed by Circuit Judge SENTELLE.

SENTELLE, Circuit Judge:

These appeals arise from litigation brought by two savings and loan plaintiffs and their principal shareholder (collectively referred to herein as "the Associations") against the Federal Home Loan Bank Board (FHLBB) and the Federal Savings and Loan Insurance Corporation (FSLIC). The Associations contest the FHLBB's appointment of the FSLIC as conservator of the Associations' assets...

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