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RESOLUTION TRUST CORP. v. RAHN

No. 1:92:CV:174.

854 F.Supp. 480 (1994)

RESOLUTION TRUST CORPORATION, Plaintiff, v. Frederick H. RAHN; William K. Rahn; Franklin H. Smith; Thomas W. Smith; Richard S. Hennes; Robert H. Durren; and Paul G. Freudenberg, All Jointly and Severally, Defendants.

United States District Court, W.D. Michigan.

June 6, 1994.

Attorney(s) appearing for the Case

Richard C. Sanders, Peter A. Metters, Hill Lewis, Detroit, MI, Terry S. Arbit, Resolution Trust Corp., PLS Div., Washington, DC, for plaintiff.

Alfred M. Butzbaugh, Butzbaugh & Dewane, St. Joseph, MI, Paul A. Taglia, Taglia, Fette, Dumke, Passaro & Kahne, St. Joseph, MI, for defendants.

OPINION

ENSLEN, District Judge.

This matter is before the Court on defendants' motion for dismissal or summary judgment, pursuant to Rules 12(b)(6) and 56 of the Federal Rules of Civil Procedure.

Plaintiff, Resolution Trust Corporation (RTC), brought suit against seven former directors of Peoples Savings Association of St. Joseph, Michigan (PSA). Two of the defendants have since been dismissed. The suit alleges negligence, gross negligence...

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