RESOLUTION TRUST CORP. v. FRANZ

No. 93 C 2477.

909 F.Supp. 1128 (1995)

RESOLUTION TRUST CORPORATION, Plaintiff, v. Lydia FRANZ and others, Defendants.

United States District Court, N.D. Illinois, Eastern Division.

December 15, 1995.


Attorney(s) appearing for the Case

Stephen Novack, Patrick A. Fleming, Karen L. Drizin, Timothy John Miller, James Edwin Bayles, Jr., Novack & Macey, Chicago, IL, for Resolution Trust Corporation.

Sean Malone Sullivan, Raymond Hugo Groble, III, Ross & Hardies, P.C., Chicago, IL, for Lydia Franz, Steven A. Kuroski, Nicholas Lash.

James Robert Schirott, Schirott & Luetkehans, P.C., Itasca, IL, William J. Harte, William J. Harte, Ltd., Chicago, IL, Charles Frank Marino, David M. Marino, Chicago, IL, for Henry J. Hyde.

John K. Kneafsey, Donald Cahill Shine, Gregory Canard Ward, Nisen & Elliott, Chicago, IL, for Thomas J. Martin.


MEMORANDUM OPINION

BRIAN BARNETT DUFF, District Judge.

On February 1, 1990, the Office of Thrift Supervision ordered Clyde Federal Savings and Loan Association ("Clyde") into receivership and it appointed the Resolution Trust Corporation ("RTC") as Clyde's receiver. On April 23, 1993, the RTC sued Lydia Franz and others ("Defendants") for their alleged conduct as Clyde's officers and directors. The RTC's Complaint has four counts: (I) Negligence With...

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