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RESOLUTION TRUST CORP. v. WALDE

Civ. A. No. 94-0070-A.

856 F.Supp. 281 (1994)

RESOLUTION TRUST CORPORATION, as Receiver of Trustbank Federal Savings Bank, Plaintiff, v. William L. WALDE, et al., Defendants.

United States District Court, E.D. Virginia, Alexandria Division.

May 4, 1994.

Attorney(s) appearing for the Case

James Robert Easthom, Pillsbury, Madison & Sutro, Washington, DC, for Resolution Trust Corp.

Thomas M. Buchanan, Winston & Strawn, Washington, DC, for William L. Walde.

Leslie M. Alden, Verner, Liipfert, Bernhard, McPherson and Hand, McLean, VA, for David A. Neal.

Craig Crandall Reilly, Murphy, McGettigan, Richards & West, P.C., Gregory Lynn Murphy, Murphy, McGettigan, Richards & West, P.C., Alexandria, VA, for Harold G. Bowen.

J. Jonathan Schraub, Robins Kaplan Miller & Ciresi, Washington, DC, for Zalmon D. Chelec, David L. Erickson, William M. Huey, Thomas O'Dea, and Walter M. Rock.

William M. Huey, pro se.

Harvey B. Cohen, Cohen, Gettings & Dunham, Arlington, VA, for D. Gay Walde.

MEMORANDUM OPINION

HILTON, District Judge.

The RTC brings this action as receiver of Trustbank Federal Savings Bank ("Trustbank") against the former directors of Trustbank and its predecessor entity Dominion Federal Savings & Loan ("Dominion"). The RTC seeks to recover $20 million from the defendants for breach of fiduciary duty, negligence, gross negligence and violations of federal statutes and regulations.

Each count is based on the...

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