Romer v. Green Point Savings Bank

LEVAL, Circuit Judge:

This motion and appeal concerns a temporary restraining order issued by the district court barring the consummation of a conversion plan, converting a mutual savings bank into a public stock company. The Green Point Savings Bank (“Green Point”) is a mutual savings bank chartered under the laws of New York. Early in 1993 Green Point’s board of trustees began considering alternate forms of corporate structure. In April the board retained the services of various consultants, including Adams Cohen Securities, Inc., to assist it in formulating and executing a conversion plan.…