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WHITE v. SANDERS

No. 82-7027 Non-Argument Calendar.

689 F.2d 1366 (1982)

Ernest H. WHITE and Mary Ellen White, Plaintiffs-Appellees, v. Prentice SANDERS, (Edna E. Sanders, as Executrix of the Estate of Prentice Sanders, substituted in place and stead of Prentice Sanders, deceased), Defendants-Appellants, James N. McGEE and Betty Jean McGee, Plaintiffs-Appellees, v. Prentice SANDERS, (Edna E. Sanders, as Executrix of the Estate of Prentice Sanders, substituted in place and stead of Prentice Sanders, deceased), Defendants-Appellants, Ora Mae REEVES and Ora Mae Reeves, as Administratrix of Estate of L. C. Reeves, deceased, Plaintiffs-Appellees, v. Prentice SANDERS, (Edna E. Sanders, as Executrix of the Estate of Prentice Sanders, substituted in place and stead of Prentice Sanders, deceased, Defendants-Appellants.

United States Court of Appeals, Eleventh Circuit.

October 28, 1982.

Attorney(s) appearing for the Case

James K. Davis, Fite, Davis & Fite, Hamilton, Ala., for defendants-appellants.

John A. Owens, Phelps, Owens & Jenkins, Tuscaloosa, Ala., for plaintiffs-appellees.

Before TJOFLAT, JOHNSON and HATCHETT, Circuit Judges.

PER CURIAM:

Several purchasers of now worthless notes of the National Accounts Services Administration (N.A.S.A.)1 sued Prentice Sanders, a retired insurance agent, in the United States District Court for the Northern District of Alabama for securities fraud. The plaintiffs alleged that Sanders violated Rule 10b-5 of the federal securities laws by intentionally misrepresenting to them the safety...

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