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F.D.I.C. v. WENTZ

No. 94-5556.

55 F.3d 905 (1995)

FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for The Howard Savings Bank, Appellee, v. Sidney F. WENTZ; Natalie I. Koether; William E. Marfuggi; Robert M. Krementz; J. Robert Hillier, Natalie I. Koether and Sidney F. Wentz, Appellants.

United States Court of Appeals, Third Circuit.

Decided June 5, 1995.

Attorney(s) appearing for the Case

Laurence B. Orloff, (argued), Laura V. Studwell, Orloff, Lowenbach, Stifelman & Siegel, P.A., Roseland, NJ, for appellants.

Jerome A. Madden (argued), Ann S. DuRoss, Richard J. Osterman, Jr., F.D.I.C., Washington, DC, for appellee.

Before: STAPLETON, HUTCHINSON, and WEIS, Circuit Judges.

OPINION OF THE COURT

WEIS, Circuit Judge.

In the course of its investigation of a failed depository institution, the Federal Deposit Insurance Corporation issued a subpoena to former directors of the bank directing them to produce a wide variety of their personal financial records as well as those of family members. The district court required the directors to produce only their own records, showing additions or reductions in their assets. Rejecting the...

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