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BRILL & HARRINGTON INVESTMENTS v. VERNON S. & L.

Civ. A. No. 91-2454.

787 F.Supp. 250 (1992)

BRILL & HARRINGTON INVESTMENTS, et al., Plaintiffs, v. VERNON SAVINGS AND LOAN ASSOCIATION, et al., Defendants. The FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for Vernon Savings and Loan Association, F.S.A., Counterclaim-Plaintiff, v. BRILL & HARRINGTON INVESTMENTS, et al., Counterclaim-Defendants.

United States District Court, District of Columbia.

March 5, 1992.

Attorney(s) appearing for the Case

Duane K. Thompson, Warren L. Dennis, Proskauer, Rose, Goetz & Mendelsohn, Washington, D.C., for plaintiffs.

William R. Stein, Hughes, Hubbard and Reid, Nathaniel H. Speights, Iverson O. Mitchell, III, Speights & Micheel, Washington, D.C., for defendants.

MEMORANDUM AND ORDER

JACKSON, District Judge.

This case is presently before the Court on the pretrial motion of the defendant Federal Deposit Insurance Corporation (hereinafter "FDIC/Receiver"), as receiver of a defunct lending institution ("Vernon"), to appoint a receiver of plaintiffs' California commercial real estate (the "Property") pending the foreclosure of a mortgage to which the FDIC has succeeded. The motion is opposed by the mortgagors (the plaintiffs...

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