FEDERAL DEPOSIT INSURANCE CORP., Plaintiff,
v.
FORMER OFFICERS AND DIRECTORS OF METROPOLITAN BANK: Daniel R. Adams, W. Todd Coffelt, Steven Hungerford, Frank Lee, and Charles A. Dale, Former Officers and Directors of Willamette Falls State Bank: Gene A. Rickert, Larry A. Schoenborn, P. Dean Nichols, John Molendyk, Joyce Evans, K. Peter Norrie, Gary L. Dennison, Lewis Johnson, Irving W. Potter, George Hammond, Former Officers and Directors of Independent Bank of Sandy: C. Dale Brookens, Joseph Cejka, Lester Hardy, John Rowell, and Thomas Wolf as a director and as counsel for Independent Bank of Sandy, Defendants.
United States District Court, D. Oregon.https://leagle.com/images/logo.png
July 31, 1987.
On Motion For Reconsideration November 24, 1987.
Attorney(s) appearing for the Case
Michael F. Ruggio, Bruce J. Pederson, Federal Deposit Ins. Corp., Legal Div., Washington, D.C., and Carol A. Hewitt, Thomas A. Balmer, Linda M. Seluzicki, Lindsay, Hart, Neil & Weigler, Portland, Or., for plaintiff.
Carlton D. Warren, Warren, Allen & Brookshire, Portland, Or., for defendant Daniel R. Adams.
W. Todd Coffelt, Tigard, Or., defendant, pro se.
S. Ward Greene and Greene & Markley, Portland, Or., for defendant Steven Hungerford.
David B. Markowitz, Peter H. Glade, Markowitz & Herbold, P.C., Portland, Or., for defendant Frank Lee.
Mark M. LeCoq, James M. Finn, Schwabe, Williamson, Wyatt, Moore & Roberts, Portland, Or., for defendants Charles A. Dale and Gary L. Dennison.
Gene A. Rickert, Thomas O. Branford, Newport, Or., defendant, pro se.
Robert Lohman, Lohman, Lohman & Lohman, P.C., Clackamas, Or., for defendant Larry A. Schoenborn.
P. Dean Nichols, Oregon City, Or., defendant, pro se.
Michael W. Mosman, Miller, Nash, Wiener, Hager & Carlson, Portland, Or., for defendants John Molendyk and Joyce Evans.
Wayne Hilliard, Jeffrey M. Batchelor, Donald H. Pyle, Spears, Lubersky, Campbell, Bledsoe, Anderson & Young, Portland, Or., for defendants K. Peter Norrie and Lewis Johnson.
Austin W. Crowe, Jr., Thomas W. Brown, Cosgrave, Kester, Crowe, Gidley & Lagesen, Portland, Or., for defendants Irving W. Potter and Thomas Wolf.
George Hammond, Gladstone, Or., defendant, pro se.
C. Dale Brookens and Lester Hardy, Mark M. McCulloch, Powers, McCulloch & Bennett, Portland, Or., defendants, pro se.
Robert E. Lowe, Gresham, Or., for defendant Joseph Cejka.
Thomas H. Tongue, John C. Cahalan, Dunn, Carney, Allen, Higgins & Tongue, Portland, Or., for defendant John Rowell.
United States District Court, D. Oregon.
OPINION
PANNER, Chief Judge.
The Federal Deposit Insurance Corporation (FDIC) brings this action against twenty former officers and directors of three banks which merged into one bank. The merged bank was declared insolvent. FDIC paid on its obligations as insurer of the depositors, and was appointed receiver of the failed bank. Eight of the defendants have moved for summary judgment on the grounds that the complaint is barred by the statute of limitations...
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