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FEDERAL SAV. 7 LOAN v. FIRST NAT. DEV. CORP.

Civ. A. Nos. H-80-469 to H-80-472.

497 F.Supp. 724 (1980)

FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, Petitioner, v. FIRST NATIONAL DEVELOPMENT CORPORATION, Kirkbend Corporation, Katy Building and Development Corporation, Signature Building Corporation, Enchanted Building Corporation, Bankers Investment Building Corporation, Dagney, Inc., Thomas Cloud and Joyce Steel-Civil Action No. H-80-469, David H. Gayne-Civil Action No. H-80-470, Drago Daic-Civil Action No. H-80-471, John R. Cawthron-Civil Action No. H-80-472, Respondents.

United States District Court, S. D. Texas, Houston Division.

March 20, 1980.

Attorney(s) appearing for the Case

Harold L. Levi, Asst. Gen. Counsel, Washington, D. C., for Federal Savings and Loan Ins. Corp.

Jeffrey M. Werthan, Trial Atty., Washington, D. C., for FSLIC.

Robin C. Gibbs, Wood, Campbell, Moody & Gibbs, Houston, Tex., for respondent in Civ. A. No. H-80-469.

Ronald J. Blask & Thomas Collins, Sheinfled, Maley & Kay, Houston, Tex., for intervenor in Civ. A. No. H-80-470.

A. Dalton Smith, Houston, Tex., for respondent in Civ. A. No. H-80-470.

Charles A. Nester, Nester & Horan, Houston, Tex., for respondent in Civ. A. No. H-80-471.

Joe H. Reynolds, Reynolds, Allen & Cook, Houston, Tex., for respondent in Civ. A. No. H-80-472.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

SEALS, District Judge.

On January 21, 1980, the Federal Savings and Loan Insurance Corporation (FSLIC) filed three petitions to enforce administrative subpoenas in this court. Because of the summary nature of the enforcement proceedings, the petitions were assigned miscellaneous docket numbers: H-80-6, H-80-7 and H-80-8. Named as respondents in Civil Action No. H-80-6 were:

1. First National Development Corporation...

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