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BENDER v. JORDAN

Civil Action No. 06-92 (RMC).

570 F.Supp.2d 37 (2008)

Morton A. BENDER, et al., Plaintiffs, v. Carolyn D. JORDAN, et al., Defendants. Independence Federal Savings Bank, Cross-Plaintiff, v. Carolyn D. Jordan, et al., Cross-Defendants.

United States District Court, District of Columbia.

August 11, 2008.

Attorney(s) appearing for the Case

Dale A. Cooter, Donna S. Mangold, Cooter, Mangold, Tompert & Wayson, Washington, DC, for Plaintiffs.

Griffin Vann Canada, Jr., James Andrew Sullivan, Jr., Miles & Stockbridge, P.C., Rockville, MD, for Defendants.

Frederick D. Cooke, Jr., Rubin, Winston, Diercks, Peter Emanuel Strand, Carlos Enrique Provencio, Shook, Hardy & Bacon, L.L.P., Haig V. Kalbian, Kalbian Hagerty L.L.P., Washington, DC, for Cross-Defendants.

MEMORANDUM OPINION

ROSEMARY M. COLLYER, District Judge.

Morton and Grace Bender, dissident shareholders, sued five of the directors and the President/CEO of Independence Federal Savings Bank ("IFSB" or the "Bank") over their handling of a contested election for seats on the Board of Directors of IFSB (the "Board") and the related shareholders' meeting. Pursuant to regulations issued by the Office of Thrift Supervision ("OTS"), the Bank agreed to pay all...

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