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F.D.I.C. v. RAHN

No. 96-1207.

116 F.3d 1142 (1997)

FEDERAL DEPOSIT INSURANCE CORPORATION, Manager of the FSLIC Resolution Fund, Plaintiff-Appellee, v. William K. RAHN, Individually and as Independent Personal Representative of the Estate of Frederick H. Rahn, deceased, and Richard S. Hennes, jointly and severally, Defendants-Appellants, Franklin H. Smith, Thomas W. Smith, Robert H. Durren, and Paul G. Freudenberg, jointly and severally, Defendants.

United States Court of Appeals, Sixth Circuit.

Decided June 23, 1997.

Attorney(s) appearing for the Case

J. Scott Watson (argued), Federal Deposit Insurance Corporation, Appellate Litigation Section, Munsell St. Clair (briefed), Resolution Trust Corp., Washington, DC, for Plaintiff-Appellee.

Alfred M. Butzbaugh (argued and briefed), Butzbaugh & Dewane, St. Joseph, MI, for Defendants-Appellants.

Before: LIVELY, NELSON, and RYAN, Circuit Judges.

OPINION

LIVELY, Circuit Judge.

This case involves an attempt by officers and directors of a failed thrift institution to be indemnified for their costs and attorney fees incurred in the successful defense of a suit brought against them by the Resolution Trust Corporation (RTC). The district court granted judgment in favor of the RTC on this issue and we now affirm.

I.

Like so many financial institutions in the 1980s, Peoples Savings Association...

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