FREESE v. F.D.I.C.

No. C-93-386-L.

837 F.Supp. 22 (1993)

George E. FREESE, Jr., et al. v. FEDERAL DEPOSIT INSURANCE CORPORATION.

United States District Court, D. New Hampshire.

November 24, 1993.


Attorney(s) appearing for the Case

Frederic K. Upton, Upton, Sanders & Smith, Concord, NH, Stephen L. Tober, Tober Law Offices, PA, Portsmouth, NH, Thomas J. Dougherty, Skadden, Arps, Slate, Meagher & Flom, Boston, MA, for plaintiffs.

Thomas A. Schulz, F.D.I.C., Washington, DC, for defendant.


ORDER

LOUGHLIN, Senior District Judge.

Before the court is the defendant's Motion for Summary Enforcement of Administrative Subpoena and Motion to Dismiss. For the reasons outlined below, the motion is denied.

Background

On October 10, 1991, the Federal Deposit Insurance Corporation ("FDIC") was appointed receiver and liquidating agent for New Hampshire Savings Bank. On September 18, 1992, the FDIC issued an Order of Investigation. The...

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