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INTERAMERICAS INVESTMENTS v. BOARD OF GOVERNORS

No. 96-60326.

111 F.3d 376 (1997)

INTERAMERICAS INVESTMENTS, LTD. and Peter Ulrich, Petitioners, v. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Respondent.

United States Court of Appeals, Fifth Circuit.

April 16, 1997.

Attorney(s) appearing for the Case

Phillip A. Wittmann, Stone, Pigman, Walther, Wittmann & Hutchinson, New Orleans, LA, Rhonda R. Chandler, Timothy M. McCloskey, Chandler & McCloskey, Houston, TX, for Petitioners.

Douglas Bradford Jordan, William W. Wiles, Katherine Holbrook Wheatley, Stephen Horace Meyer, Federal Reserve System, Board of Governors, Washington, DC, for Respondent.

Before HIGGINBOTHAM, DAVIS and BARKSDALE, Circuit Judges.

RHESA HAWKINS BARKSDALE, Circuit Judge:

The starting point for this challenge to petitioners being found in violation of the Bank Holding Company Act, 12 U.S.C. § 1841 et seq., is whether the bases for that decision, such as prohibited control of a United States bank, constitute continuing violations within the five year limitations period of the applicable statute of limitations, 28 U.S.C. § 2462. The Board of Governors of the Federal Reserve System...

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