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AMERICAN BANK & TRUST CO. v. WALLACE

No. 82-5044.

702 F.2d 93 (1983)

AMERICAN BANK & TRUST COMPANY, Plaintiff-Appellant, v. Jan L. WALLACE, Wallace Motor Company, Jan Michael Wallace, Wallace Leasing Company, Inc., E.L. Wallace, Anna L. Wallace, Neda Wallace and First Security National Bank and Trust Company of Lexington, Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided March 10, 1983.

Attorney(s) appearing for the Case

J. Montjoy Trimble, Trimble & Henry and Anderson & Anderson, Lexington, Ky., for plaintiff-appellant.

David Weinberg, William C. Shouse, Shouse & Burrus, William M. Lear, Jr., R. David Lester, Stoll, Keenon & Park, Terry Sellars, Clem & Sellars, Lexington, Ky., for defendants-appellees.

Before KENNEDY and WELLFORD, Circuit Judges, and BROWN, Senior Circuit Judge.

CORNELIA G. KENNEDY, Circuit Judge.

American Bank and Trust Company appeals from a judgment of the United States District Court for the Eastern District of Kentucky dismissing its action for fraud and deceit in connection with the giving of a promissory note. Appellant contends the note was procured in violation of the anti-fraud provisions of federal and state securities laws. Jurisdiction was based solely on federal security laws, Section 27 of the Securities Exchange...

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