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FEDERAL DEPOSIT INS. CORP. v. SHRADER & YORK

Civ. A. No. H-91-1372.

777 F.Supp. 533 (1991)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff, v. SHRADER & YORK, et al., Defendants.

United States District Court, S.D. Texas, Houston Division.

September 5, 1991.

Attorney(s) appearing for the Case

David F. Webb, Lorance & Thompson, Houston, Steven K. DeWolf, Dallas, for plaintiff.

Eugene B. Wilshire, Jr., Wilshire, Scott Halbach & Dyer, Houston, for defendants Shrader & York, William York, William Shrader, Paul Clote, Gary Grote and Eldon Hinds.

Frank G. Jones, Fulbright & Jaworski, Houston, for defendant Lee Henkel, III.

John Oberdorfer, Patton, Boggs & Blow, Washington, D.C., for defendant Douglas A. Paisley, III.

ORDER

NORMAN W. BLACK, District Judge.

Pending before the Court is Defendants' Motion for Summary Judgment, or, to Dismiss for Failure to State a Claim for which the Court can Grant Relief.

On May 17, 1991, the FDIC brought a legal malpractice lawsuit against Shrader & York. The FDIC's claims are based on the law firm's alleged negligence in failing to advise two savings and loan associations, City Savings and Loan Association ("City") and Lamar...

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