Confidential
Settlement – $2,512,500Judge
Court
San Diego Superior
Attorneys
Plaintiff
Alan I. White
(Law Office of Alan I. White)
Kevin M. Tripi
(Law Offices of Kevin M. Tripi)
Defendant
Facts
In August 1990, the Commissioner of the California Department of Corporations seized the subject thrift and loan association and appointed one of the Plaintiffs, a guarantor of thrift accounts, as conservator and then as liquidator; the assets were liquidated and Plaintiff guarantor contributed approximately $4,200,000 to enable the Plaintiff thrift and loan association to repay its depositors and creditors.
Settlement Discussions
Offers and demands were not disclosed.
Damages
Plaintiffs sought recovery of the approximate $4,200,000 which the Plaintiff guarantor contributed to pay off the Plaintiff thrift and loan association's depositors and creditors.
Other Information
In settling with Plaintiffs, none of the Defendants admitted liability.
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