Mary HURLEY, Sumner Woodrow, and Ronald E. Crosthwaite, Plaintiffs,
v.
FEDERAL DEPOSIT INSURANCE CORPORATION, C. William Wester, Robert F. Fredo, Jr., Francis W. A'Hearn, Thomas J. Bagley, Walter E. Bennett, Ernest N. Daulton, Jr., Robert C. Keogh, Ralph Lolli, Jr., J. Parker Rice, Jr., Lester H. Rome, Eugene L. Sorbo, Defendants.
United States District Court, D. Massachusetts.https://leagle.com/images/logo.png
August 8, 1989.
August 8, 1989.
Attorney(s) appearing for the Case
Glen DeValerio, Norman Berman, Berman, DeValerio & Pease, Boston, Mass., for Mary Hurley.
Stanley M. Grossman, Pomerantz Levy Haudek Block & Grossman, New York City, for Sumner Woodrow.
William J. Patton, Robert J. Stillman, David Martland, Ropes & Gray, Boston, Mass., and Rae Schupack Nathan, Regional Counsel, F.D.I.C., New York City, for F.D. I.C.
Stephen R. Delinsky, Evan Slavitt, Fine & Ambrogne, John G. Fabiano, Peter A. Spaeth, Hale & Dorr, Boston, Mass., Sherrie R. Savett, Gary E. Cantor, Lawrence Deutsch, Berger & Montague, Philadelphia, Pa., for C. William Wester.
Thomas Dwyer, Dwyer & Collora, Boston, Mass., for Robert F. Fredo, Jr.
Laura Steinberg, Sullivan & Worcester, Boston, Mass., for Francis A'Hearn.
John H. Henn, Brandon F. White, Foley, Hoag & Eliot, John G. Fabiano, Peter A. Spaeth, Hale & Dorr, Boston, Mass., for Service Bank For Savings.
United States District Court, D. Massachusetts.
MEMORANDUM
TAURO, District Judge.
This lawsuit is one of a series of cases filed in federal and state court following the disclosure by bank examiners of financial irregularities at the First Service Bank for Savings.1 The plaintiffs are representatives of a putative class of the bank's shareholders who purchased stock in the over the counter ("OTC") market between December 5, 1986 and August 15, 1988. The defendants fit into...
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