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POWELL v. FIRST REPUBLIC BANK

No. MISC.A.02-64.

274 F.Supp.2d 660 (2003)

Richard S. POWELL, et al., Plaintiffs, v. FIRST REPUBLIC BANK, et al., Defendants.

United States District Court, E.D. Pennsylvania.

July 29, 2003.

Attorney(s) appearing for the Case

Craig Robert Lewis, Braverman Kaskey & Caprara, David L. Braverman, Braverman, Kaskey & Caprara, Oscar S. Schermer, Steven L. Bloch, Braverman Kaskey, Michelle S. Walker, Braverman Kaskey, Philadelphia, for Richard S. Powell, Jon R. Powell, Carol P. Heller, Nancy E. Powell, James R. Schaeffer, Anthony L. Schaeffer, Robert D. Schaeffer, James M. Dougherty, Steven D. Brand, FBMC Acquisition Co., A Pennsylvania Corporation, Fidelity Bond & Mortgage, Fidelity Bond & Mortgage Company, Plaintiffs.

Paul R. Rosen, Spector Gadon & Rosen, P.C, Suzanne Ilene Schiller, Spector Gadon & Rosen PC, Tina L. Colman, Spector Gadon & Rosen, PC, Philadelphia, for First Republic Bank, A Pennsylvania Banking Corporation, Jere A. Young, George A. Rapp, Harry Madonna, Defendants.

MEMORANDUM AND ORDER

KATZ, Senior District Judge.

Plaintiffs in the above-titled action bring a derivative suit on behalf of Fidelity Bond and Mortgage Company and FBMC Acquisition Company against First Republic Bank and its individual officers and directors. First Republic Bank has counterclaimed that the individual plaintiffs breached their obligations under a Letter of Intent and Definitive Agreement involving the merger transaction creating Fidelity...

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