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Stilwell v. Office of Thrift Supervision, No. 08-1259

By FindLaw Staff on July 07, 2009 4:26 PM

In a petition for review of an Office of Thrift Supervision (OTS) regulation allowing subsidiaries of mutual holding companies to limit their minority shareholders to 10% of the subsidiary's total minority stock, the petition is denied, where OTS has discretion to balance the power of majority and minority shareholders in order to achieve its regulatory objectives.

Read Stilwell v. Office of Thrift Supervision, No. 08-1259

Appellate Information

Argued April 23, 2009

Decided July 7, 2009

Judges

Opinion by Judge Kavanaugh

Counsel

For Appellant:

Paul M. Smith, Jenner & Block LLP, Washington, DC

For Appellee:

Christopher A. Sterbenz, Trial Attorney, U.S. Department of the Treasury, Washington, DC

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