Tafflin v. Levitt, Nos. 88-3019

CourtU.S. Court of Appeals — Fourth Circuit
Writing for the CourtBefore WINTER, Chief Judge, and WIDENER and CHAPMAN; HARRISON L. WINTER
Citation865 F.2d 595
PartiesFed. Sec. L. Rep. P 94,141, RICO Bus.Disp.Guide 7117 Francine TAFFLIN; Seymour Zuckerman; Eris Zuckerman; Renalee Selvin; Joan Zuckerman; Sylvia Zuckerman; Seymour Zuckerman, Executor of the Estate of Samuel Zuckerman; George R. Lyon; George C. Lyon; Peter M. Lyon; Bruce K. Lyon; Elizabeth A. Lyon; George R. Lyon; Mary G. Lathrop, Personal Representatives of the Estate of George M. Lyon; Kent H. Butcher; Stanley Z. Felsenberg, M.D., Personal Representative of the Estate of Minnie Felsenberg; Margaret Graves; Thurman L. Graves; Sandra L. Pletka; Gertrude Durso; Enterprise Equipment Co., Inc.; Carmen R. Goldings; Clelia S. Goldings; Ethan D. Goldings; Herbert J. Goldings, MD; Sarah M. Goldings; Doris Konig; Windell R. Carter; Catherine Carter; Mitchell W. Landy, Rio Grande Savings & Loan Assoc., Plaintiffs-Appellants, v. Jeffrey A. LEVITT; LCP Corporation; Allan H. Pearlstein; Jerome S. Cardin; Light Street Partnership; Allen Feinberg; Robert D. Pearlstein; Samuel Shoubin; Dennis E. Guidice; Karol Levitt; Rosemary Pearlstein; Old Court Savings & Loan, Inc.; Maryland Savings Share Insurance Corp.; Maryland Deposit Insurance Fund Corporation; Charles C. Hogg, II; Paul B. Trice, Jr.; George W. H. Pierson; Jerome F. Dolivka; Francis F. Anderson; Michael J. Dietz; Leonard Bass; John C. Donohue, Sr.; Henry R. Elsnic; John D. Faulkner, Jr.; James D. Laudeman; Terry L. Neifeld; Glass and Associates, P.A.; Cardin and Cardin, P.A., Venable, Baetjer & Howard; David Unlfelder, Defendants-Appellees, LCP Corporation, Defendant. Francine TAFFLIN; Seymour Zuckerman; Eris Zuckerman; Renalee Selvin; Joan Zuckerman; Sylvia Zuckerman; Seymour Zuckerman, Executor of the Estate of Samuel Zuckerman; George R. Lyon; George C. Lyon; Peter M. Lyon; Bruce K. Lyon; Elizabeth A. Lyon; George R. Lyon; Mary G. Lathrop, Personal Representative of the Estate of George M. Lyon; Gertrude Durso; Enterprise Equipment Co., Inc.; Carmen R. Goldings; Clelia S. Goldings; Ethan D. Goldings; Herbert J. Golding
Decision Date12 January 1989
Docket Number88-3020,Nos. 88-3019

Page 595

865 F.2d 595
Fed. Sec. L. Rep. P 94,141, RICO Bus.Disp.Guide 7117
Francine TAFFLIN; Seymour Zuckerman; Eris Zuckerman;
Renalee Selvin; Joan Zuckerman; Sylvia Zuckerman; Seymour
Zuckerman, Executor of the Estate of Samuel Zuckerman;
George R. Lyon; George C. Lyon; Peter M. Lyon; Bruce K.
Lyon; Elizabeth A. Lyon; George R. Lyon; Mary G. Lathrop,
Personal Representatives of the Estate of George M. Lyon;
Kent H. Butcher; Stanley Z. Felsenberg, M.D., Personal
Representative of the Estate of Minnie Felsenberg; Margaret
Graves; Thurman L. Graves; Sandra L. Pletka; Gertrude
Durso; Enterprise Equipment Co., Inc.; Carmen R. Goldings;
Clelia S. Goldings; Ethan D. Goldings; Herbert J.
Goldings, MD; Sarah M. Goldings; Doris Konig; Windell R.
Carter; Catherine Carter; Mitchell W. Landy, Rio Grande
Savings & Loan Assoc., Plaintiffs-Appellants,
v.
Jeffrey A. LEVITT; LCP Corporation; Allan H. Pearlstein;
Jerome S. Cardin; Light Street Partnership; Allen
Feinberg; Robert D. Pearlstein; Samuel Shoubin; Dennis E.
Guidice; Karol Levitt; Rosemary Pearlstein; Old Court
Savings & Loan, Inc.; Maryland Savings Share Insurance
Corp.; Maryland Deposit Insurance Fund Corporation;
Charles C. Hogg, II; Paul B. Trice, Jr.; George W. H.
Pierson; Jerome F. Dolivka; Francis F. Anderson; Michael
J. Dietz; Leonard Bass; John C. Donohue, Sr.; Henry R.
Elsnic; John D. Faulkner, Jr.; James D. Laudeman; Terry
L. Neifeld; Glass and Associates, P.A.; Cardin and Cardin,
P.A., Venable, Baetjer & Howard; David Unlfelder,
Defendants-Appellees,
LCP Corporation, Defendant.
Francine TAFFLIN; Seymour Zuckerman; Eris Zuckerman;
Renalee Selvin; Joan Zuckerman; Sylvia Zuckerman; Seymour
Zuckerman, Executor of the Estate of Samuel Zuckerman;
George R. Lyon; George C. Lyon; Peter M. Lyon; Bruce K.
Lyon; Elizabeth A. Lyon; George R. Lyon; Mary G. Lathrop,
Personal Representative of the Estate of George M. Lyon;
Gertrude Durso; Enterprise Equipment Co., Inc.; Carmen R.
Goldings; Clelia S. Goldings; Ethan D. Goldings; Herbert
J. Goldings, MD; Sarah M. Goldings; Doris Konig; Windell
R. Carter; Catherine Carter; Mitchell W. Landy; Rio
Grande Savings & Loan Assoc., Plaintiffs-Appellants,
v.
Jeffrey A. LEVITT; LCP Corporation; Allan H. Pearlstein;
Jerome S. Cardin; Light Street Partnership; Allen
Feinberg; Robert D. Pearlstein; Samuel Shoubin; Dennis E.
Guidice; Karol Levitt; Rosemary Pearlstein; Old Court
Savings & Loan, Inc.; Maryland Savings Share Insurance
Corp.; Maryland Deposit Insurance Fund Corporation;
Charles C. Hogg, II; Paul B. Trice, Jr.; George W. H.
Pierson; Jerome F. Dolivka; Francis F. Anderson; Michael
J. Dietz; Leonard Bass; John C. Donohue, Sr.; Henry R.
Elsnic; John D. Faulkner, Jr.; David Uhlfelder; James D.
Laudeman; Terry L. Neifeld; Glass and Associates, P.A.;
Cardin and Cardin, P.A., Venable, Baetjer & Howard;
Defendants-Appellees,
LCP Corporation, Defendant.
Nos. 88-3019L, 88-3020.
United States Court of Appeals,
Fourth Circuit.
Argued Nov. 2, 1988.
Decided Jan. 12, 1989.

Page 597

M. Norman Goldberger (Brian P. Flaherty, Gary L. Leshko, Wolf, Block, Schorr and Solis-Cohen, Lawrence I. Weisman, on brief) for plaintiffs-appellants.

David B. Isbell (Charles F.C. Ruff, Carol Fortine, Covington & Burlington, on brief), Andrew H. Marks (Luther Zeigler, Elaine A. Panagakos, Crowell & Moring, Ralph S. Tyler, Asst. Atty. Gen., James P. Ulwick, Kramon & Graham, Paul D. Krause, Carol Ann Petren, Jayson L. Spiegel, Jordan, Coyne, Savits & Lopata, Aubrey M. Daniel, III, Williams & Connolly, Robert W. Hesselbacher, Jr., Laxalt, Washington, Perito & Dubuc, John H. Zink, III, Cook, Howard, Downes & Tracy, Ronald Shur, Anderson, Baker, Kill & Olick, Howard B. Possick, Arent, Fox, Kintner, Plotkin & Kahn, Jay I. Morstein, Frank, Bernstein, Conaway & Goldman, James A. Rothschild, Anderson, Coe & King, Daniel F. Goldstein, Brown & Goldstein, Andrew Radding, Blades & Rosenfeld, P.A., Francis S. Brocato, Brocato & Keelty, Stephen C. Winter, Winter & Associates, Ronald W. Fuchs, Eccleston & Seidler, Harold H. Burns; Thomas G. Bodie, Power & Mosner, on brief) for defendants-appellees.

Before WINTER, Chief Judge, and WIDENER and CHAPMAN, Circuit Judges.

HARRISON L. WINTER, Chief Judge:

These consolidated cases arise out of the failure of Old Court Savings & Loan, Inc. (Old Court), a state chartered savings and loan association, and the collapse of the Maryland Savings-Share Insurance Corporation (MSSIC), a state-chartered non-profit corporation created to insure the accounts in Maryland savings and loan associations that did not have federal deposit insurance.

Plaintiffs, all non-residents of Maryland, are purchasers and holders of certificates of deposit of Old Court which, together with the interest thereon, are unpaid. Defendants are (a) the former officers and directors of Old Court, (b) the former officers and directors of MSSIC, (c) the law firm of Venable, Baetjer & Howard, counsel to MSSIC and Old Court, (d) Old Court's accounting firm, and (e) State of Maryland Deposit Insurance Fund Corporation (MDIF), the state-created...

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13 practice notes
  • Tafflin v. Levitt, No. 88-1650
    • United States
    • United States Supreme Court
    • January 22, 1990
    ...broad remedial purposes, concurrent jurisdiction will advance rather than jeopardize federal policies underlying the statute. Pp. 464-467. 865 F.2d 595 (CA4 1989), affirmed. O'CONNOR, J., delivered the opinion for a unanimous Court. WHITE, J., filed a concurring opinion, post, p. 467. SCALI......
  • Bradford v. Moench, No. 87-C-0078-S.
    • United States
    • United States District Courts. 10th Circuit. United States District Court of Utah
    • October 26, 1992
    ...efforts to marshal assets and by undermining previous orders of the state receivership court. Id. at 1191-92. See also Tafflin v. Levitt, 865 F.2d 595, 599-600 (4th Cir.1989) (upholding a similar abstention decision), aff'd as to unrelated issue, 493 U.S. 455, 110 S.Ct. 792, 107 L.Ed.2d 887......
  • Reeder v. Kermit Johnson, Alphagraphics, Inc., No. 89-C-0364A.
    • United States
    • United States District Courts. 10th Circuit. United States District Court of Utah
    • October 17, 1989
    ...issue, although the Supreme Court has granted certiorari on this point to resolve a conflict among the circuits. See Tafflin v. Levitt, 865 F.2d 595 (4th Cir.) (concurrent jurisdiction over civil RICO claims), cert. granted, ___ U.S. ___, 109 S.Ct. 2428, 104 L.Ed.2d 985 (1989).8 The federal......
  • McCarter v. Mitcham, No. 88-3654
    • United States
    • United States Courts of Appeals. United States Court of Appeals (3rd Circuit)
    • September 12, 1989
    ...v. Owen, 864 F.2d 1280, 1286 (6th Cir.1988). The Supreme Court has now granted certiorari to resolve this conflict. See Tafflin v. Levitt, 865 F.2d 595 (4th Cir.1989) (concurrent jurisdiction over civil RICO claims), cert. granted, --- U.S. ----, 109 S.Ct. 2428, 104 L.Ed.2d 985 In view of t......
  • Request a trial to view additional results
13 cases
  • Tafflin v. Levitt, No. 88-1650
    • United States
    • United States Supreme Court
    • January 22, 1990
    ...broad remedial purposes, concurrent jurisdiction will advance rather than jeopardize federal policies underlying the statute. Pp. 464-467. 865 F.2d 595 (CA4 1989), affirmed. O'CONNOR, J., delivered the opinion for a unanimous Court. WHITE, J., filed a concurring opinion, post, p. 467. SCALI......
  • Bradford v. Moench, No. 87-C-0078-S.
    • United States
    • United States District Courts. 10th Circuit. United States District Court of Utah
    • October 26, 1992
    ...efforts to marshal assets and by undermining previous orders of the state receivership court. Id. at 1191-92. See also Tafflin v. Levitt, 865 F.2d 595, 599-600 (4th Cir.1989) (upholding a similar abstention decision), aff'd as to unrelated issue, 493 U.S. 455, 110 S.Ct. 792, 107 L.Ed.2d 887......
  • Reeder v. Kermit Johnson, Alphagraphics, Inc., No. 89-C-0364A.
    • United States
    • United States District Courts. 10th Circuit. United States District Court of Utah
    • October 17, 1989
    ...issue, although the Supreme Court has granted certiorari on this point to resolve a conflict among the circuits. See Tafflin v. Levitt, 865 F.2d 595 (4th Cir.) (concurrent jurisdiction over civil RICO claims), cert. granted, ___ U.S. ___, 109 S.Ct. 2428, 104 L.Ed.2d 985 (1989).8 The federal......
  • McCarter v. Mitcham, No. 88-3654
    • United States
    • United States Courts of Appeals. United States Court of Appeals (3rd Circuit)
    • September 12, 1989
    ...v. Owen, 864 F.2d 1280, 1286 (6th Cir.1988). The Supreme Court has now granted certiorari to resolve this conflict. See Tafflin v. Levitt, 865 F.2d 595 (4th Cir.1989) (concurrent jurisdiction over civil RICO claims), cert. granted, --- U.S. ----, 109 S.Ct. 2428, 104 L.Ed.2d 985 In view of t......
  • Request a trial to view additional results

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