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LOAN v. FEDERAL DEPOSIT INS. CORP.

Civ. A. No. 89-0251-T.

717 F.Supp. 964 (1989)

Thomas LOAN, Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Donald J. Anderson, Thomas F. Bagley, Walter E. Bennett, Robert B. Bowen, Ernest N. Daulton, Jr., Robert E. Fitzgerald, Robert F. Fredo, Jr., Thomas J. Judy, Robert C. Keogh, Ralph Lolli, Jr., Gerard R. Martel, J. Parker Rice, Lester H. Rome, Eugene L. Sorbo, C. William Wester and Anthony F.S. Whitton, Defendants.

United States District Court, D. Massachusetts.

August 8, 1989.

Attorney(s) appearing for the Case

Robert S. Potters, Potters & Sands, P.C., Boston, Mass., for Thomas Loan.

Brandon F. White and Michael Gaffney, Foley, Hoag & Eliot, Boston, Mass., for First Service Bank for Sav.

William J. Patton, Robert J. Stillman and David Martland, Ropes & Gray, Boston, Mass., for FDIC.

TAURO, District Judge.

This is the third in a series of lawsuits filed in federal and state court by shareholders of the First Service Bank for Savings following the disclosure of financial irregularities by federal and state banking examiners.1 Plaintiff is the representative of a putative class of the bank's shareholders who purchased shares in the bank's initial offering. Their purchases...

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