JACKSON v. FIRST FEDERAL SAV. OF ARKANSAS, F.A.

Nos. LR-C-86-560, LR-C-87-792 and LR-C-87-793.

709 F.Supp. 863 (1988)

Emily Joy JACKSON, Plaintiff, v. FIRST FEDERAL SAVINGS OF ARKANSAS, F.A., et al., Defendants.

United States District Court, E.D. Arkansas, W.D.

November 15, 1988.


Attorney(s) appearing for the Case

Gene Mesh, Cincinnati, Ohio, H. William Allen, Allen, Cabe & Lester, Little Rock, Ark., of counsel, Stanley R. Wolfe, Jeanne A. Markey, Berger & Montague, Philadelphia, Pa., for plaintiff.

Richard J. Osterman, Jr., Trial Atty., Fed. Home Loan Bank Bd., Office of Gen. Counsel, Washington, D.C., for FHLB.

John M. Skrhak, & Douglas E. Yeager, Berman, Fichtner & Mitchell, Dallas, Tex., John E. Pruniski, III, Phil Campbell, Hilburn, Bethune, Calhoon, Harper & Pruniski, Ltd., North Little Rock, Ark., for defendants.

Philip E. Kaplan, Kaplan, Brewer & Miller, Little Rock, Ark., for H. Charles Johnson.

Robert S. Lindsey, Wright, Lindsey & Jennings, Little Rock, Ark., for Smith Barney, Harris Upham & Co. & Prudential-Bache Securities.

Stephen Engstrom, Wilson Law Firm, Little Rock, Ark., & Charles Lee Eisen, Kirkpatrick & Lockhart, Washington, D.C., for Kaplan, Smith & Associates.


ORDER

EISELE, Chief Judge.

Plaintiffs allege that defendants engaged in a scheme to sell stock in a financially troubled savings and loan. First Federal, the corporate defendant, is the savings and loan. The Individual Defendants are various officers and directors of First Federal. Defendants have moved to dismiss two of the Complaints in these consolidated actions, namely the Hagerty (LR-C-87-792) and Gitlin...

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