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JOHNSON v. OFFICE OF THRIFT SUPERVISION

No. 95-1203.

81 F.3d 195 (1996)

John W. JOHNSON, Jr., et al., Petitioners, v. OFFICE OF THRIFT SUPERVISION, UNITED STATES DEPARTMENT OF THE TREASURY, Respondent.

United States Court of Appeals, District of Columbia Circuit.

Decided April 12, 1996.

Attorney(s) appearing for the Case

Reuben B. Robertson, III, Washington, DC, argued the cause for petitioners, with whom Larry M. Berkow, was on the brief.

Aaron B. Kahn, Principal Litigation Counsel, Office of Thrift Supervision, argued the cause for respondent, with whom Thomas J. Segal, Deputy Chief Counsel, was on the brief.

Before: EDWARDS, Chief Judge, WALD and TATEL, Circuit Judges.

Opinion for the Court filed by Chief Judge EDWARDS.

HARRY T. EDWARDS, Chief Judge:

Petitioners are three directors of Charter Federal Savings & Loan Association ("Charter"). In 1988, Charter applied to the Federal Home Loan Bank Board ("Bank Board") — the predecessor agency of the Office of Thrift Supervision ("OTS") — for permission to convert from "mutual" ownership to "stock" ownership. The Bank Board denied Charter's application, finding...

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