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