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  5. 572 F.Supp. 997 (1983)
 

BISCAYNE FED. SAV. & L. v. FED. HOME LOAN BANK BD.

No. 83-815-CIV-EPS.

572 F.Supp. 997 (1983)

BISCAYNE FEDERAL SAVINGS & LOAN ASSOCIATION and Kaufman & Broad, Inc., Plaintiffs, v. FEDERAL HOME LOAN BANK BOARD, Richard T. Pratt, Edward Gray, Jamie Jackson, Thomas P. Vartanian, D. James Croft, Federal Savings & Loan Insurance Corporation, H. Brent Beesley, New Biscayne Federal Savings & Loan Association of Miami, Stanley Warranch, Charles T. Babcock, Jr., Kenneth Kamberg, R. Bruce Ricks and Ray M. Shaw, Defendants.

United States District Court, S.D. Florida, Miami Division.

September 9, 1983.

Attorney(s) appearing for the Case

Bruce W. Greer, Miami, Fla., for plaintiffs.

Eben G. Crawford, Cleveland, Ohio, John Gunther, Washington, D.C., Ana T. Barrett, Don Lynn, Miami, Fla., for defendants.

MEMORANDUM OPINION

SPELLMAN, District Judge.

INTRODUCTION

In a closed meeting held on April 6, 1983, the Federal Home Loan Bank Board (FHLBB) adopted two resolutions which form the basis of Plaintiffs' complaint in this case. FHLBB Resolution 83-184 rejected Plaintiffs' recapitalization proposal designed to infuse new capital into the financially troubled Biscayne Federal Savings and Loan Association (Biscayne). FHLBB Resolution 83-185, adopted...

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