FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, a corporation, Plaintiff-Appellant,
v.
David L. BUTLER, Defendant-Appellant, and
Miles A. Cobb; James Grauer; Bryant J. Brooks, Jr.; Fred F. Enemark; E. Tim Ching; John Y. Chiang; Joseph L. Loetterle; Cynthia Murphy; William Nagel; Michael A. Heren; and Richard A. Bryant, Defendants-Appellees.
United States Court of Appeals, Ninth Circuit.https://leagle.com/images/logo.png
Argued and Submitted December 13, 1989.
Decided May 31, 1990.
Attorney(s) appearing for the Case
Eugene J. Comey, Tuttle & Taylor, Daniel Johnson, Jr., and William S. Freeman, Cooley Godward Castro Huddleson & Tatum, Washington, D.C., for plaintiff-appellant.
William M. Goodman, Topel & Goodman, San Francisco, Cal., for defendant-appellant Butler.
Gary S. Anderson, Farella, Braun & Martel, San Francisco, Cal., for defendant-appellee Cobb.
Barry D. Hovis, Adams, Sadler & Hovis, San Francisco, Cal., for defendant-appellee Grauer.
Nance F. Becker, Rogers, Joseph, O'Donnell & Quinn, San Francisco, Cal., for defendant-appellee Ching.
James A. Lassart, Ropers, Majeski, Kohn, Bentley, Wagner & Kane, San Francisco, Cal., for defendant-appellee Chiang.
Karl Olson, Cooper, White & Cooper, San Francisco, Cal., for defendant-appellee Loetterle.
Susan Raffanti, Law Offices of Paul Delano Wolf, Oakland, Cal., for defendant-appellee Murphy.
David M. Blicker, Sacramento, Cal., for defendant-appellee Nagel.
Paul J. Dion, Feldman, Waldman & Kline, San Francisco, Cal., for defendants-appellees Heren and Bryant.
Jonathan Bass, Coblentz, Cahan, McCabe & Breyer, San Francisco, Cal., for defendant-appellee Brooks.
Before WRIGHT, HUG, and LEAVY, Circuit Judges.
United States Court of Appeals, Ninth Circuit.
HUG, Circuit Judge:
This interlocutory appeal under 28 U.S.C. § 1292(b) (1988) concerns an action by the Federal Savings and Loan Insurance Corporation ("FSLIC") against officers and directors of Bell Savings and Loan Association ("Bell Savings"), alleging that they wrongfully caused Bell Savings to lose millions of dollars as a result of reckless and speculative lending, fraudulent transactions, and self-dealing. FSLIC entered into a settlement agreement with...
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