IN RE AMERICAN CONTINENTAL/LINCOLN S & L SEC. LIT.

MDL No. 834, No. CIV 91-622 PHX-RMB.

779 F.Supp. 1053 (1991)

In re AMERICAN CONTINENTAL CORPORATION/LINCOLN SAVINGS AND LOAN SECURITIES LITIGATION. Charles H. KEATING, Jr., et al., Plaintiffs, v. The OFFICE OF THRIFT SUPERVISION, Defendant.

United States District Court, D. Arizona.

May 31, 1991.


Attorney(s) appearing for the Case

Stephen C. Neal, Kirkland & Ellis, Chicago, Ill., for plaintiffs.

Stephen Hart, Office of Thrift Supervision, Washington, D.C., for defendant.


ORDER

BILBY, District Judge.

Plaintiffs, former officers and directors of Lincoln Savings and Loan Association ("Lincoln") have moved for injunctive relief against an administrative proceeding now in progress pursuant to a Notice of Charges filed by the Office of Thrift Supervision ("OTS"). In support of their request, plaintiffs argue that this Court may intervene because the administrative proceeding exceeds OTS's statutory authority, and should...

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