Orbanco, Inc. v. Security Bank of Oregon

SKOPIL, District Judge:

I

NATURE OF THE ACTION

This action arises out of tender offers extended by plaintiffs, ORBANCO, Inc. and Jack Courtemanche. They want to acquire control of the defendant Security Bank of Oregon. Plaintiffs allege violations by defendants of the Williams Act and FDIC rules and regulations. Defendants have counterclaimed. They contend that plaintiffs’ tender offers are invalid because of alleged violations of the Bank Holding Act, antitrust laws, and federal securities law.

II

JURISDICTION

The Court has jurisdiction pursuant to 28 U.S.C. § 1331(a) and Sections 12(i), 13(e),…