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COAST FEDERAL SAV. v. DIRECTOR, OTS

Civ. A. No. 91-0349.

785 F.Supp. 170 (1991)

COAST FEDERAL SAVINGS BANK, Plaintiff, v. DIRECTOR, OFFICE OF THRIFT SUPERVISION and Federal Deposit Insurance Corporation, Defendants.

United States District Court, District of Columbia.

December 4, 1991.

Attorney(s) appearing for the Case

Charles J. Cooper, Michael A. Carvin, Robert J. Cynkar, Jane M. Sullivan, Susan M. Somach, Shaw, Pittman, Potts & Trowbridge, Washington, D.C., for Coast Federal Sav. Bank.

Stuart M. Gerson, John R. Tyler, John Schumann, Washington, D.C., for Department of Justice, Civil Div.

Harris Weinstein, Thomas J. Segal, Aaron B. Kahn, David H. Enzel, Washington, D.C., for Office of Thrift Supervision, Office of the Chief Counsel.

Thomas A. Schulz, Robert G. Clark, Susan Kantor Bank, Washington, D.C., for Federal Deposit Ins. Corp., Legal Div.

ORDER

REVERCOMB, District Judge.

This is the third action before this District Court since late-1989 in which thrift institutions have sought equitable and declaratory relief from federal thrift regulators' efforts to apply stricter accounting treatment in calculating the plaintiff thrifts' minimum capitalization requirements.1 Plaintiffs in all three suits have charged inter alia that the defendants abrogated contractual...

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