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F.D.I.C. v. BATES

No. 1:91CV2597.

838 F.Supp. 1216 (1993)

FEDERAL DEPOSIT INSURANCE CORPORATION, etc., Plaintiff, v. G. Del BATES, et al., Defendants.

United States District Court, N.D. Ohio, E.D.

April 9, 1993.

Attorney(s) appearing for the Case

Harry D. Cornett, Jr., Beth Whitmore, Arter & Hadden, Cleveland, OH, Michael J. Kennedy, Marilyn Klawiter, Nancy K. Linnerooth, Donald A. Tarkington, Stephen Novack, Novack & Macey, Chicago, IL, for plaintiff.

Gerald Arthur Messerman, Duvin, Cahn, Barnard & Messerman, Cleveland, OH, Richard T. Cunningham, Amer, Cunningham, Brennan, Akron, OH, Richard L. Stoper, Jr., Niki Z. Schwartz, Gold, Rotatori, Schwartz & Gibbons, Cleveland, OH, for defendants.

MEMORANDUM OF OPINION AND ORDER

MATIA, District Judge.

The Federal Deposit Insurance Corporation ("FDIC") brings this action as manager of the FSLIC Resolution Fund against the former officers and directors of Cardinal Federal Savings Bank ("Cardinal"). Pursuant to appropriate resolution and agreement, all Cardinal capital stock was acquired by First Nationwide Financial Corp. and the instant claims then assigned to the FSLIC in December of 1988....

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