KONSTANTINAKOS v. FEDERAL DEPOSIT INS. CORP.

Civ. A. No. 88-2144-T.

719 F.Supp. 35 (1989)

William KONSTANTINAKOS, Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION, C. William Wester, Robert F. Fredo, Jr., Donald J. Anderson, Thomas F. Bagley, Walter E. Bennett, Robert B. Bowen, Gerald J. Crowley, Ernest N. Daulton, Jr., Robert E. Fitzgerald, Donald G. Hicks, Thomas J. Judy, Robert C. Keogh, Ralph Lolli, Jr., Gerard R. Martel, J. Parker Rice, Jr., Lester H. Rome, Eugene L. Sorbo, Anthony F.S. Whitton, Individually and as Directors and Officers of First Service Bank for Savings, Robert P. George, Charles W. Morgan, individually and as Trustees of The 200 Woodbury Realty Trust, and as Grantors of The WHFS Realty Trust, Defendants.

United States District Court, D. Massachusetts.

August 8, 1989.


Attorney(s) appearing for the Case

Reginald L. Marden, P.C., Andover, Mass., for plaintiff.

William J. Patton, Robert J. Stillman, David Martland, Ropes & Gray, Boston, Mass., for Federal Deposit Ins. Corp.

John H. Henn, Brandon F. White, Foley, Hoag & Eliot, Boston, Mass., for First Service Bank for Savings.

Thomas E. Dwyer, Jr., Jody L. Newman, William Kettlewel, Dwyer & Collora, Boston, Mass., for Robert F. Fredo, Jr.

Evan Slavit, Fine & Ambrogne, Boston, Mass., for William H. Wester.


MEMORANDUM

TAURO, District Judge.

This lawsuit is the second in a series of cases filed in this court following the discovery by federal and state banking authorities of financial irregularities at the First Service Bank for Savings.1 Plaintiff is a shareholder who purchased the bank's stock sometime during 1987. The defendants fit into five categories: 1) the Federal Deposit Insurance...

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