GREENFIELD v. SHUCK

Civ. A. Nos. 91-11078-WGY, 91-11016-WGY.

867 F.Supp. 62 (1994)

Robert N. GREENFIELD, et al., Plaintiffs, Resolution Trust Corporation, Intervening Plaintiff, v. Gerald G. SHUCK, et al., Defendants.

United States District Court, D. Massachusetts.

October 19, 1994.


Attorney(s) appearing for the Case

Evans J. Carter, Kassler & Feuer, P.C., Boston, MA, for Robert N. Greenfield, E.S. Goldman, Myles Arthur Franklin, Everett A. Shekleton, Thomas L. O'Connor, Curtis E. Dorrie, Agnes A. Miller, Nancy R. Meinken, Fern Louise Kroll, Barry N. Gibson.

John A.D. Gilmore, Hill & Barlow, Boston, MA, for American Cas. Co. of Reading, Pennsylvania.

Paul J. Murphy, Duncan S. Payne, Cuddy, Lynch, Manzi & Bixby, Deborah L. Thaxter, Peabody & Brown, Boston, MA, for Gerald G. Shuck, Howard F. Whelden, Paul F. Butler, Louis P. Drinkwine, Bruce C. Williams, Paul M. White, Anita M. Bolduc, Rita A. Garbitt, Beverly Wood, Judith Carpenter, Lois Gagnon, Peter Kropp, Dorothy Zakarian, Sabra C. Ramsdall, Eldredge Sparrow, John Abreau, Philip J. Assiran, Arthur G. Baronousky, Wilton B. Crosby, Jr., John A. Drew, Edward D. Duffy, Walter H. Fish, Jr., Walter L. Marchant, Thomas B. Powers, Winthrop V. Wilbur, Jr.

Deborah L. Thaxter, Peabody & Brown, Boston, MA, for Richard L. Rowe, Jr., Augustine F. Gouveia, Richard A. Dusseault, Joan M. Griffin, Matthew J. Sylvia, Diane Thibeault, Peter Pollack, Joseph C. Murray.

Paul J. Murphy, Duncan S. Payne, Cuddy, Lynch, Manzi & Bixby, Deborah L. Thaxter, Peabody & Brown, Boston, MA, Nicholas B. Soutter, Wellesley, MA, for Milton M. Gray, Jr.

Deborah L. Thaxter, Peabody & Brown, Boston, MA, Philip M. Boudreau, Hyannis, MA, for Edward Kelly, Jr.

Christian M. Hoffman, Foley, Hoag & Eliot, Deborah L. Thaxter, Peabody & Brown, Boston, MA, for Wolf & Co. of Massachusetts, P.C.

Judith K. Wyman, Roche, Carens & DeGiacomo, Deborah L. Thaxter, Peabody & Brown, James R. DeGiacomo, Roche, Carens & DeGiacomo, Boston, MA, for Edward F. McLaughlin, Jr.

Mary Jane Yoemans, pro se.

James H. Wexler, Kotin, Crabtree & Strong, Boston, MA, for William A. Welch, Martin E. Fishkin, Barret C. Nichols, Jr.

Diana L. Varjabedian, pro se.

Robert S. Troy, Bourne Town Counsel, Sandwich, MA, for Sabina Troy.

Paula J. Sweetman, pro se.

Michael B. Stusse, Ardito, Sweeney, Stusse, Robertson & Dupuy, West Yarmouth, MA, for John P. Stukas, Elizabeth D. Stukas, George G. Sowpel, Hester A. Armstrong, Wendy Buttrick, Alan A. Collette, Jr., Harrison T. Drew, Jr., Robert M. Fabiano, Stephanie A. Haddad, Elizabeth W. McSorley, Martha D. Miles, Carlene A. Rogean, Sentry Federal Sav. Bank, Sentry Sav. Bank, FSB.

Alan D. Stevens, pro se.

H. Alfred Yonce, Orleans, MA, for Mary L. Smith.

John T. Aylward, pro se.

Robert F. Barry, pro se.

Barry E. Burden, pro se.

Jane C. Caron, pro se.

Daniel D. Dodge, pro se.

Elyse D. Cherry, Hale & Dorr, Boston, MA, for Karen L. Etsell.

Megan Holway, pro se.

Anthony J. LaRocco, pro se.

Marcy L. Long, pro se.

Francis J. Lucey, Jr., pro se.

Deborah P. Robbins, pro se.

Deane B. Sawyer, pro se.

Kevin F. Moloney, Alison L. Berman, Barron & Stadfeld, Boston, MA, for Resolution Trust Corp.

Kevin F. Moloney, Alison L. Berman, Barron & Stadfeld, Boston, MA, Michael B. Stusse, Ardito, Sweeney, Stusse, Robertson & Dupuy, West Yarmouth, MA, for Office of Thrift Supervision.

Peter Pollock, pro se.


MEMORANDUM AND ORDER

YOUNG, District Judge.

I.

The plaintiffs, Robert N. Greenfield and approximately two-hundred other purchasers of Subordinated Capital Notes ("Greenfield" or "Greenfield plaintiffs"), bring this action against the defendants, various officers and directors of Sentry Federal Savings Bank ("Old Sentry" or "Bank") to recover monetary damages incurred by them as a result of the failure of the Bank. The Greenfield plaintiffs...

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