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FEDERAL DEPOSIT INS. CORP. v. McSWEENEY

Civ. No. 91-476-K(IEG).

772 F.Supp. 1154 (1991)

FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for Central Savings and Loan Association, Plaintiff, v. Daniel T. McSWEENEY, Frederick C. Stalder, James Marks, Defendants.

United States District Court, S.D. California.

September 5, 1991.

Attorney(s) appearing for the Case

Theresa R. Castagneto, Schall, Boudreau & Gore, San Diego, Cal., for plaintiff.

Charles H. Dick, Jr., Baker & McKenzie, San Diego, Cal., for defendant Daniel T. McSweeney.

Robert G. Steiner, Luce, Forward, Hamilton & Scripps, San Diego, Cal., for defendant Frederick C. Stalder.

MEMORANDUM DECISION AND ORDER

KEEP, Chief Judge.

FACTUAL BACKGROUND

On April 10, 1987, the Federal Savings and Loan Insurance Corporation (the "FSLIC") became receiver for the Central Savings and Loan Association ("Central"), a failed thrift. Claiming that former Central directors breached their fiduciary duty, the FSLIC's statutory successor, the Federal Deposit Insurance Corporation (the "FDIC")...

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