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BISCAYNE FEDERAL SAV. & LOAN ASS'N v. PRATT

Civ. A. No. 85-3183.

646 F.Supp. 371 (1986)

BISCAYNE FEDERAL SAVINGS & LOAN ASSOCIATION and Kaufman & Broad, Inc., Plaintiffs, v. Richard T. PRATT, Edwin J. Gray, Jamie Jackson, Thomas P. Vartanian, D. James Croft and H. Brent Beesley, Defendants.

United States District Court, District of Columbia.

October 8, 1986.

Attorney(s) appearing for the Case

J. Jonathan Schraub, Golden, Frod & Schraub, Washington, D.C., Patricia Ireland, Carol W. Soret, Stearns Weaver Miller Weissler Alhadeff & Sitterson, Miami, Fla., for plaintiffs.

Michael Martinez, Asst. U.S. Atty., Dept. of Justice, Civil Div., Elizabeth R. Moore, Dept. of Justice, Torts Branch, Washington, D.C., for defendants.

MEMORANDUM OPINION

SPORKIN, District Judge.

Plaintiffs Biscayne Federal Savings and Loan Association of Miami, Florida ("Biscayne") and its principal shareholder, Kaufman & Broad ("K & B"), seek $30 million in damages from six high-level officials of the Federal Home Loan Bank Board (the "Board") and the Federal Savings and Loan Insurance Corporation (the "FSLIC").1 On April 6, 1983, the Board, acting pursuant to its...

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