F.D.I.C. v. SMITH

No. 95-35312.

83 F.3d 1051 (1996)

FEDERAL DEPOSIT INSURANCE CORPORATION, a federal corporation, as manager of the FSLIC Resolution Fund, Plaintiff-Appellee, v. Kenneth H. SMITH; Richard Hoffman; Robert Dene Bateman; William M. Dalton; Jack C. Darley; Stanley N. Hammer; Robert B. Lorence, Defendants-Appellants.

United States Court of Appeals, Ninth Circuit.

Decided May 7, 1996.


Attorney(s) appearing for the Case

E. Joseph Dean, Stoel, Rives, Boley, Jones & Grey, Portland, Oregon, for defendants-appellants.

William R. Turnbow, Hershner, Hunter, Moulton & Andrews, Eugene, Oregon, and Kathryn Norcross, Federal Deposit Insurance Corporation, Washington, D.C., for plaintiff-appellee.

Before: REINHARDT, KOZINSKI, and FERNANDEZ, Circuit Judges.


ORDER

Family Federal Savings & Loan Association (Family Federal) was a federally insured thrift headquartered at Dallas, Oregon. On January 10, 1990, the Office of Thrift Supervision determined that Family Federal was insolvent. The Office, therefore, appointed the Resolution Trust Corporation as receiver for Family Federal, and on that date, RTC purchased all of Family Federal's claims against its directors and officers. Over three years later, on September...

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