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SEGER v. FEDERAL INTERMEDIATE CREDIT BANK OF OMAHA

No. 87-2093.

850 F.2d 468 (1988)

Paul F. SEGER and M. Karen Seger, et al., Appellants, v. FEDERAL INTERMEDIATE CREDIT BANK OF OMAHA, William Mattern, James C. Larson, and O'Neill Production Credit Association, Appellees.

United States Court of Appeals, Eighth Circuit.

Decided July 7, 1988.

Attorney(s) appearing for the Case

Michael G. Helms, Omaha, Neb., for appellants.

Michael Torpey, San Francisco, Cal., for appellees.

Before ARNOLD, Circuit Judge, and ROSS and HENLEY, Senior Circuit Judges.

ARNOLD, Circuit Judge.

The question presented is whether class B stock in the defendant O'Neill Production Credit Association is a security within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. The District Court1 held in the negative, and we affirm.

The District Court's opinion fully and persuasively discusses the merits of this question, and we see no reason to add to it. Borrowers from the...

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