Womble v. Dixon

ORDER

DOUMAR, District Judge.

This matter arises on various motions filed by both the plaintiffs and defendants. The primary issue raised is whether the plaintiffs, stockholders of the First Savings and Loan Association of Suffolk (“First Savings”), have standing in this shareholder derivative action to assert claims against the former officers and directors of the now defunct savings and loan association, the Federal Savings and Loan Insurance Corporation (“FSLIC”), the Federal Home Loan Bank Board (“FHLBB”), and other third parties who allegedly engaged in a conspiracy to defraud First…