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FEDERAL DEPOSIT INS. CORP. v. MANATT

No. J-C-86-217.

723 F.Supp. 99 (1989)

FEDERAL DEPOSIT INSURANCE CORPORATION, in its Corporate Capacity, Plaintiff, v. Sam L. MANATT, Jr., Frank Bentley Manatt, Guardian of Nettie K. Manatt, Jim Manatt, John Manatt, Sam L. Manatt, III, Harold Riggan, Jr., Ben Williams, Louise Coleman, Donis Simpson, Arthur C. Woods, Sr., Franklin Hall, Ray R. Thomas, Dr. B.C. Page, Paul D. Moore, Jan V. Rockwell, Bob Lockwood; and Jim Vinson, Defendants.

United States District Court, E.D. Arkansas, Jonesboro Division.

March 16, 1989.

Attorney(s) appearing for the Case

Dina L. Biblin and Jeffrey Axelrad, U.S. Dept. of Justice, Washington, D.C., Richard Donovan and Webster Hubbell, Rose Law Firm, Little Rock, Ark., for plaintiff.

Dan Stripling, Stripling & Morgan, Clinton, Ark., Jeffery C. Gerrish, Gerrish & McCreary, Memphis, Tenn., Gary Day Garland, Corning, Ark., Martin H. Aussenberg, Berod & Huggins, Memphis, Tenn., E. E. Maglothin, Jr., Fayetteville, Ark., J. R. Buzbee, Givens & Buzbee, Little Rock, Ark., for defendants.

John Manatt, Sheridan, Ark., pro se.

Bob Lockwood, Corning, Ark., pro se.

Jim Manatt, Los Frenos, Tex., pro se.

Jim Vinson, Corning, Ark., pro se.

ORDER

GEORGE HOWARD, Jr., District Judge.

On June 15, 1984, the Bank Commissioner of the State of Arkansas determined that Corning Bank ("Bank") was insolvent, ordered the Bank closed, and tendered the Bank's assets and affairs to the Federal Deposit Insurance Corporation ("FDIC") as Receiver pursuant to Ark. Stat. Ann. §§ 67-601 et seq. (now A.C.A. 23-33-101 et seq.) and 12 U.S.C. § 1821(e). On the same date, pursuant to 12...

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