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FEDERAL SAV. AND LOAN INS. CORP. v. SAHNI

No. 87-6102.

868 F.2d 1096 (1989)

FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION as Conservator for American Diversified Savings Bank; American Diversified Capital Corporation; American Diversified Investment Corporation, Plaintiffs-Appellants, v. Ranbir S. SAHNI; Judy Day, et al., Defendants, and Lester G. Day, Defendant-Appellee.

United States Court of Appeals, Ninth Circuit.

Memorandum Filed November 25, 1988.

Decided March 1, 1989.

Attorney(s) appearing for the Case

Theodore Russell, Pettit & Martin, San Francisco, Cal., for plaintiffs-appellants.

Marc Alexander, McKittrick, Jackson, DeMarco & Peckenpaugh, Newport Beach, Cal., for defendants-appellees.

Before WRIGHT, NORRIS and WIGGINS, Circuit Judges.

PER CURIAM:

This is an appeal under 28 U.S.C. § 1292(a)(1) from a district court's denial of preliminary injunctive relief on behalf of FSLIC against the former president of a bank determined to be insolvent. We reverse.

FSLIC, as conservator of the American Diversified Savings Bank, seeks a preliminary injunction freezing the assets of the bank's president Lester Day, who is the defendant in an action brought by FSLIC to recover wrongful bonus payments...

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