IN RE NBW COMMERCIAL PAPER LITIGATION

Civ. A. No. 90-1755 (RCL).

807 F.Supp. 801 (1992)

In re NBW COMMERCIAL PAPER LITIGATION.

United States District Court, District of Columbia.

November 3, 1992.


Attorney(s) appearing for the Case

Thomas W. Queen, Joseph L. Ruby, Wiley, Rein, & Fielding, Susan G. Braden, Anderson, Kill, Olick & Oshinsky, F. Joseph Nealon, Amy Sanborn Owen, Ballard, Spahr, Andrews & Ingersoll, David J. Frantz, Walter G. Birkel, Conlon, Frantz, Phelan, Knapp, Pires & Birkel, Charles Lee Eisen, Christopher M. McMurray, Kirkpatrick & Lockhart, Washington, DC, Craig C. Reilly, Murphy, McGettigen & West, PA, Alexandria, VA, Philip M. Musolino, Loewinger, Brand & Kapstatter, George A. Fisher, Stein, Mitchell & Mezines, Washington, DC, John H. Harman, Jeff Orenstein, Coggins & Harman, PA, Silver Spring, MD, Stuart Levine, Towson, MD, Paul Blankenstein, Angela D. Sheehan, Gibson, Dunn & Crutcher, Christine C. Ryan, Paul Fisher, Jordan, Schulte, & Burchette, Richard J. Morvillo, Richardson, Berlin & Morvillo, Edward R. Leahy, Joel Harris, Thacher, Proffitt & Wood, Carl L. Gell, Cooter & Gell, William F. Sheehan, Christopher E. Palmer, Shea & Gardner, Michael Evan Jaffe, Howard B. Possick, Arent, Fox, Kintner, Plotkin & Kahn, Aaron L. Handleman, Eccleston & Wolf, Washington, DC, Leslie M. Alden, Verner, Liipfert, Bernhard, McPherson & Hand, McLean, Va., for plaintiffs.

Abraham D. Sofaer, William R. Stein, Robert P. Reznick, Lawrence F. Bates, Hughes, Hubbard & Reed, Burton H. Finkelstein, Finkelstein, Thompson & Loughran, Washington, DC, for defendants.


MEMORANDUM OPINION AND ORDER

LAMBERTH, District Judge.

Plaintiffs in these consolidated cases are all holders of commercial paper issued by Washington Bancorporation ("WBC"), the holding company which owned the National Bank of Washington ("NBW"). On May 7, 1990, WBC defaulted on all of its outstanding commercial paper, including approximately $35.2 million owned by the various plaintiffs in these actions. Plaintiffs here are seeking damages from NBW, now...

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