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TELEGRAPH S & L ASS'N v. FEDERAL S & L INS. CORP.

No. 80 C 2792.

564 F.Supp. 862 (1981)

TELEGRAPH SAVINGS AND LOAN ASSOCIATION, Plaintiff, v. FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, et al., Defendants.

United States District Court, N.D. Illinois, E.D.

On Motion for Modification August 5, 1981.

Attorney(s) appearing for the Case

Baker & McKenzie, Chicago, Ill., for plaintiff.

Roger Flahaven, Michael J. Hayes, Jerome Webb, Asst. Attys. Gen., William J. Scott, Atty. Gen., Chicago, Ill., for Schilling.

Jeremiah Marsh, Robert W. Patterson, Michael F. Duhl, John L. Rogers, III, Peter F. Lovato, III, Hopkins, Sutter, Mulroy, Davis & Cromartie, U.S. Atty. Thomas P. Sullivan, Asst. U.S. Atty. Mary Ann Mason, Chicago, Ill., for FSLIC and Federal Home Loan Bank Bd.

MEMORANDUM OPINION

GRADY, District Judge.

Plaintiff brings this action to remove the Federal Savings & Loan Insurance Corporation ("FSLIC") as receiver of its assets and to obtain equitable relief for harm suffered as a result of the sale of those assets. Before the court is the motion for summary judgment of defendants Federal Home Loan Bank Board ("FHLBB") and FSLIC on Count III. The motion is granted in part and denied in part.

I. FACTS<...

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