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RESOLUTION TRUST CORP. v. DEAN

No. CIV 91-2026 PHX EHC.

854 F.Supp. 626 (1994)

RESOLUTION TRUST CORPORATION, Plaintiff, v. Clayton J. DEAN, et al., Defendants.

United States District Court, D. Arizona.

February 11, 1994.

Attorney(s) appearing for the Case

Charles E. Patterson (argued), Bruce A. Ericson, Pillsbury Madison & Sutro, San Francisco, CA, and Richard C. Sanders, David A. Ingrassia, Hill Lewis Marce, Phoenix, AZ, for plaintiff Resolution Trust Corp.

Lat J. Celmins, Margrave, Celmins & Verburg, P.C., Scottsdale, AZ, for defendant Lewis.

Joseph A. Schenk, Hebert, Schenk & Johnsen, Phoenix, AZ, for defendant Reese.

Gary L. Stuart (argued), Jennings, Strouss and Salmon, Phoenix, AZ, for defendant Symington.

John D. Gordan, III, Lord Day & Lord, Barrett Smith, New York City and Dale A. Danneman (argued), Leslie Keith Beauchamp, Lewis and Roca, Phoenix, AZ, for defendants Dean, Fannin, Griffith, Hess, Kerr, Needham and Newell.

Merwin D. Grant, Law Offices of Merwin Grant, Phoenix, AZ, for defendant Mirabella.

David M. Heller, Tryon, Heller & Rayes, P.C., Phoenix, AZ, for defendant Snow.

Michael D. Hawkins (argued), Daughton Hawkins Brockelman Guinan & Patterson, Phoenix, AZ, for defendants Ludwig and Nat. Bulk Carriers, Inc.

MEMORANDUM OPINION RE: RULE 12 MOTIONS TO DISMISS AND FOR MORE DEFINITE STATEMENT

CARROLL, District Judge.

This lawsuit arises out of the failure of Southwest Savings and Loan Association ("Southwest"), a federally insured Savings and Loan incorporated under Arizona law. On February 17, 1989, the Federal Savings and Loan Insurance Corporation ("FSLIC") took possession of Southwest as conservator, and the Resolution Trust Corporation ("RTC") succeeded the...

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