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RESOLUTION TRUST CORP. v. LATHAM & WATKINS

Nos. 93 Civ. 4364 (MBM), 94 Civ. 1460 (MBM).

909 F.Supp. 923 (1995)

RESOLUTION TRUST CORPORATION, as conservator and/or receiver of Centrust Savings Bank; Columbia Savings & Loan Association; Farwest Savings & Loan Association; Franklin Savings & Loan Association; and/or in its corporate capacity, Plaintiff, v. LATHAM & WATKINS and Robert J. Rosenberg, Defendants. RESOLUTION TRUST CORPORATION, as receiver of Farwest Savings and Loan Association, F.A., and Columbia Savings and Loan Association, F.A., and as assignee of American Capital Fidelity Corporation and Liberty Service Corporation, Plaintiff, v. LATHAM & WATKINS and Robert J. Rosenberg, Defendants.

United States District Court, S.D. New York.

December 27, 1995.

Attorney(s) appearing for the Case

William F. Duker, George F. Carpinello, Duker & Barrett, New York City, Michael I. Endler, Resolution Trust Corporation, Washington, DC, for plaintiffs.

Leon Silverman, Michael H. Rauch, Debra Torres, David McMillin, Michael F. Colosi, Stephanie J. Goldstein, Fried Frank Harris Shriver & Jacobson, New York City, for defendants.

MUKASEY, District Judge.

Plaintiff Resolution Trust Corporation ("RTC"), on behalf of four failed thrift institutions, has sued the law firm of Latham & Watkins and one of its partners for securities fraud under Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) (1994), and state law. Defendants move for summary judgment under Fed.R.Civ.P. 56 on all remaining claims in both of the above-captioned actions. For the reasons set forth below...

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