UNITED WIRE, METAL & MACHINE HEALTH & WELFARE FUND v. BD. OF SAVINGS & LOAN

No. 73, September Term, 1988.

316 Md. 236 (1989)

558 A.2d 379

UNITED WIRE, METAL & MACHINE HEALTH & WELFARE FUND ET AL. v. BOARD OF SAVINGS & LOAN ASSOCIATION COMMISSIONERS ET AL.

Court of Appeals of Maryland.

May 31, 1989.


Attorney(s) appearing for the Case

Lawrence S. Greenwald (Nancy E. Paige, Gordon, Feinblatt, Rothman, Hoffberger & Hollander, Baltimore, Sidney L. Meyer, New York City, all on brief, for appellants.

Evelyn O. Cannon, Asst. Atty. Gen. (Mark D. McCurdy, Asst. Atty. Gen., Carmen M. Shepard, Asst. Attys. Gen., all on brief), Baltimore, for appellees.

Argued before MURPHY, C.J., and ELDRIDGE, COLE, RODOWSKY, McAULIFFE, ADKINS and BLACKWELL, JJ.


RODOWSKY, Judge.

In this appeal we hold that the Circuit Court for Baltimore City did not abuse its discretion in approving the release by the receiver of Old Court Savings and Loan, Inc. (Old Court) of former officers and directors of Maryland Savings-Share Insurance Corporation (MSSIC) as part of the settlement of an action brought against those releasees by MSSIC's successor, a Maryland governmental corporation.

This appeal is another case arising out of...

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