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BENDER v. JORDAN

Civil Action No. 06-92(RMC).

439 F.Supp.2d 139 (2006)

Morton A. BENDER, et al., Plaintiffs, v. Carolyn D. JORDAN, et al., Defendants.

United States District Court, District of Columbia.

July 21, 2006.

Attorney(s) appearing for the Case

Dale A. Cooter, Donna S. Mangold, Cooter, Mangold, Tompert & Wayson, LLP, Washington, DC, for Plaintiffs.

Peter Emanuel Strand, Shook, Hardy & Bacon, L.L.P., Haig V. Kalbian, Kalbian Hagerty L.L.P., Washington, DC, for Defendants.

MEMORANDUM OPINION

COLLYER, District Judge.

Morton A. Bender and a majority of the Board of Directors of Independence Federal Savings Bank ("IFSB" or "Bank") are opposing contestants for control of the future direction of the Bank. The Bank was labeled a "troubled" institution by the Office of Thrift Supervision ("OTS") in 2003 and has never shed that label. Together with his wife, Mr. Bender owns 21% of the Bank's outstanding stock. He has been an...

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