Far West Federal Bank v. Director Office of Thrift Supervision
District Court, D. Oregon
1Opinion of the Court
OPINION
PANNER, District Judge.
The investor plaintiffs seek summary-judgment on Count IY (rescission and restitution) of their first amended and supplemental complaint (now Count I of the second amended and supplemental complaint) on the issue of liability. Defendant, Federal Deposit Insurance Corporation (FDIC), seeks summary judgment against Count IV on the issues of liability and damages. Plaintiffs’ motion is granted. Defendant’s motion is denied.
BACKGROUND
I. The 1987 Conversion Agreement.
Far West is a federally chartered thrift. The Office of Thrift Supervision (OTS) was created by the…
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