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LANDMARK LAND CO., INC. v. OTS

No. 91-3930.

990 F.2d 807 (1993)

LANDMARK LAND COMPANY, INC., et al., Plaintiffs-Appellees, v. OFFICE OF THRIFT SUPERVISION, a Bureau within the United States Department of the Treasury, and Timothy Ryan, Director, Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

April 29, 1993.

Attorney(s) appearing for the Case

Laurie Romanowich, Aaron B. Kahn, Office of Thrift Supervision, Washington, DC, for defendants-appellants.

Terence M. Murphy, Jones, Day, Reavis & Pogue, Dallas, TX, Rosemary Stewart, Jones, Day, Reavis & Pogue, Washington, DC, Craig L. Caesar, B. Franklin Martin, III, McGlinchey, Stafford, Celline & Lang, New Orleans, LA, for plaintiffs-appellees.

Before WILLIAMS, HIGGINBOTHAM, and BARKSDALE, Circuit Judges.

JERRE S. WILLIAMS, Circuit Judge:

The Office of Thrift Supervision (OTS) appeals from the district court's granting of injunctive relief to both Landmark Land Company, Inc. (Landmark) and some of its directors, the individual plaintiffs. The OTS had issued a temporary cease-and-desist order against Landmark and the other plaintiffs. The order prohibited them from dissipating the assets of the subsidiaries of a savings association and also froze their personal assets...

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