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H. DONALD KISTLER, Attorney for Prudential. THOMAS X. DUNN. Attorney for Industrial. Tower Building. IN THE DISTRICT COURT OF THE United States for the District of Columbia.-In re: INDUSTRIAL SAVINGS BANK, PRUDENTIAL BANK.-Special No. 39. Miscellaneous No. 12.-ORDER NISI FOR AUTHORITY TO COMPROMISE CLAIMS. DISMISS LITIGATION AND CONVEY ASSETS.-Petition herein having been filed jointly on the the 30th day of September. 1941. by Frederick J. Young. receiver of the Industrial Savings Bank of Washington. D. C., and John F. Moran, receiver of the Prudential Bank of Washington, D. C., for authority to compromise claims. dismiss litigation and convey assets, an offer of not less than $15,350.00 cash having been made to said receivers on behalf of certain stockholders and certain former directors of said Prudential Bank in full compromise settlement of all claims by the receiver of the Prudential Bank against said stockholders and by the receiver of the Industrial Savings Bank against said directors and of all claims between said Banks and their respective receiverships. it is by the court this 30th day of September. 1941. ORDERED: 1. That Frederick J. Young be and he is hereby authorized to dismiss with prejudice the actions as shown in Paragraph 7 against those former directors of the Prudential Bank who signed a $50,000 indemnity bond and to release them and all persons who signed said bond from any and all liability upon such bond That Frederick J. Young, receiver of the Industrial. be and he is hereby authorized to accept from the receiver of the Prudential an unconditional assignment of all of the remaining assets of the Prudential Bank and such balance of cash as many remain in the hands of the receiver of the Prudential in full settlement of the Industrial's claims against Prudential and the receivership thereof. and: 3. That John F. Moran. receiver of the Prudential, be and he is hereby authorized to dismiss with prejudice the suits now pending upon the stock assessment and to release all claims that he may have against the Prudential stockholders as such, and: 4. That John F. Moran. receiver of the Prudential Bank. be and he is hereby authorized to convey title to the Industrial receivership without recourse or warranty of any kind or character of all the remaining assets of the Prudential. and to deliver to the receiver of the Industrial any cash remaining in the Prudential receivership after providing for expenses and for the return of $2.725 to stockholders in full settlement of the claims of the Industrial Bank and the receiver thereof against the Prudential Bank and its receivership. IT IS FURTHER ORDERED that said compromise settlement be ratified and confirmed. unless cause be shown to the contrary or objections made by any interested party on or before the 8th day of October. 1941. provided. however. that a copy of this order shall be published once in the Washington Law Reporter and at least two times prior to the above-mentioned date in The Washington Evening Star O. R. LUHRING. Justice (Seal.) A true copy. Test: CHARLFS E STEWART Clerk, by ANDREW A. HORNER. Asst. Clerk. oc2.6.
