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HARR v. PRUDENTIAL FEDERAL S. & L. ASS'N

No. 76-1300.

557 F.2d 751 (1977)

Jeanne HARR and L. J. Harr, for and on behalf of themselves and all others similarly situated, Appellants, v. PRUDENTIAL FEDERAL SAVINGS AND LOAN ASSOCIATION, Appellee.

United States Court of Appeals, Tenth Circuit.

Decided June 27, 1977.

Rehearing Denied July 22, 1977.

Attorney(s) appearing for the Case

Parker M. Nielson, Salt Lake City, Utah (Howard S. Landa, and A. Reed Reynolds, Salt Lake City, Utah, with him on brief), for appellants.

Richard W. Giauque, of Berman & Giauque, Salt Lake City, Utah (Douglas J. Parry and Randall L. Dunn, Salt Lake City, Utah, with him on brief), for appellee.

Before SETH and BARRETT, Circuit Judges, and KERR, Senior District Judge.

SETH, Circuit Judge.

The plaintiffs brought this action against the Prudential Federal Savings and Loan Association, asserting that they were depositors in the mutual association. The allegations were that a plan to convert to a stock association was part of a conspiracy by the directors to benefit themselves and the officers; that the plan was unfair and itself deceptive; that the proxy material was deceptive; and that Rule 10b-5 of the Securities and Exchange Commission...

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