VanLeeuwen v. Farm Credit Administration

PANNER, Chief Judge.

Plaintiffs are five shareholders and former directors of the Willamette Production Credit Association (WPCA). Defendants are The Farm Credit Association (FCA); its Governor, Donald J. Wilkinson; The Federal Intermediate Credit Bank of Spokane, Washington (FICB); its President, Larry K. Butterfield; the Twelfth Farm Credit District; and the Chairman of its Board, Ronald Bokma. Plaintiffs’ initial complaint alleged that the FCA improperly devalued security on loans and charged off assets when performing a special audit of the WPCA’s books. On October 5, 1983, I restrained…