Citizens Savings Ass'n v. Franciscus

MEMORANDUM AND ORDER

NEALON, Chief Judge.

Presently before the court is plaintiffs’ motion to voluntarily dismiss without prejudice. For the reasons set forth below, the court will grant the motion upon the condition that plaintiffs reimburse defendants for their reasonable attorney’s fees and costs in defending this action.

FACTS

Plaintiffs instituted this action on December 30, 1985. The named defendants were allegedly officers and directors of Colonial Savings Association (Colonial), accountants for Colonial and the Pennsylvania Department of Banking. Plaintiffs aver that Citizens Savings…