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FEDERAL DEPOSIT INS. CORP. v. W.R. GRACE & CO.

No. 84 C 5031.

691 F.Supp. 87 (1988)

FEDERAL DEPOSIT INSURANCE CORPORATION, a federal corporation, Plaintiff, v. W.R. GRACE & COMPANY, et al., Defendants.

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

June 6, 1988.

Attorney(s) appearing for the Case

Jay Erens, Paul K. Vickrey, William E. Rattner, Erens, Hallock & Miller, William E. Rattner, Paul K. Vickrey, Thomas M. Dethlefs, Hopkins & Sutter, Chicago, Ill., for plaintiff.

W. Donald McSweeney, Allan Horwich, Ann Rae Heitland, Schiff Hardin & Waite, Gary L. Prior, McDermott Will & Emery, Chicago, Ill., Denis McInerney, Charles A. Gilman, Jerome Sheinman, Cahill, Gordon & Reindel, New York City, for defendants.

MEMORANDUM OPINION AND ORDER

LEINENWEBER, District Judge.

On October 20, 1987 the jury returned a verdict in favor of plaintiff, Federal Deposit Insurance Corporation ("FDIC"), and against defendants, W.R. Grace & Company, et al. (collectively referred to as "Grace"), setting compensatory damages in the sum of twenty-five million dollars and punitive damages in the sum of seventy-five million dollars. On the same date the court entered judgment in favor...

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