Federal Savings & Loan Insurance Corporation v. George J. Hykel, and Havertown Savings and Loan Association

OPINION OF THE COURT

GIBBONS, Circuit Judge.

Appellant Hykel appeals from an order of the district court directing him to cease and desist from participating in the affairs of Havertown Savings and Loan Association (Havertown). The order was entered on the petition of Federal Savings and Loan Insurance Corporation (FSLIC) for enforcement of its notice, issued pursuant to section 407 (h) 1 of the National Housing Act, 12 U.S.C. § 1730(h), suspending Hykel from participation in any manner in the conduct of the affairs of Havertown, an insured institution. The Notice of Suspension had been issued…