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FEDERAL DEPOSIT INS. CORP. v. GELDERMANN, INC.

No. Civ-89-609-T.

763 F.Supp. 524 (1990)

FEDERAL DEPOSIT INSURANCE CORPORATION, as Manager of the FSLIC Resolution Fund, Plaintiff, v. GELDERMANN, INC., an Illinois corporation; UMIC, Inc., a Tennessee corporation; Charles Alex Denny; Arthur A. Wallace; Bryan F. Green; and Gregg Crosby, Defendants.

United States District Court, W.D. Oklahoma.

November 9, 1990.

Attorney(s) appearing for the Case

Douglas G. Thompson, Thomas J. Loughran, Arthur J. Salzberg, Steven Rosenberg, Finkelstein, Thompson & Lewis, Washington, D.C., Kenneth I. Jones, Jr., Jones, Blaney & Williams, Oklahoma City, Okl., for plaintiff.

A. David Necco, Dyer, Necco & Byrd, Oklahoma City, Okl., James W. McDonnell, Jr., Robert L. Crawford, Robert A. McLean, McDonnell Boyd, Memphis, Tenn., Patrick M. Ryan, Phil C. Neal, Timothy Charles E. Geister, III, J. Carey, Ryan, Corbyn & Geister, Mark T. Carber, George W. Dahnke, Hastie & Kirschner, Oklahoma City, Okl., David J. Sneed, Memphis, Tenn., Peter B. Bradford, Joel C. Hall, Daugherty, Bradford, Fowler & Moss, Oklahoma City, Okl., Philip T. Powers, Altheimer & Gray, Chicago, Ill., Peter B. Newton, Timothy J. Carey, Neal, Gerber & Eisenberg, Chicago, Ill., for defendants.

ORDER CONFIRMING GOOD FAITH SETTLEMENT

RALPH G. THOMPSON, Chief Judge.

I. Introduction

At issue is the Motion for Order Confirming Good Faith Settlement filed by plaintiff, Federal Deposit Insurance Corporation, as Manager of the FSLIC Resolution Fund ("FDIC"). FDIC subsequently filed a supplemental brief. Defendants Geldermann, Inc., UMIC, Inc., Charles Denny, and Arthur Wallace filed briefs in opposition. The former directors of Universal...

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