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GRUBB v. FEDERAL DEPOSIT INS. CORP.

Nos. 86-1687, 86-1728.

868 F.2d 1151 (1989)

Ron GRUBB; Weatherford Interstate Holding Company, Plaintiffs-Appellees-Cross-Appellants, v. FEDERAL DEPOSIT INSURANCE CORPORATION (successor-in-interest to First National Bank and Trust Company of Oklahoma City), Defendant-Appellant-Cross-Appellee.

United States Court of Appeals, Tenth Circuit.

February 16, 1989.

Attorney(s) appearing for the Case

Terry W. Tippens (Eric S. Eissenstat and Dino E. Viera with him, on the brief) of Fellers, Snider, Blankenship, Bailey & Tippens, Oklahoma City, Okl., for plaintiffs-appellees-cross-appellants.

Jay B. Williams (Kenneth I. Jones, Jr. with him, on the brief) of Jones, Blaney & Pringle, Oklahoma City, Okl., and Thomas S. Richey (G. Patrick Watson with him, on the brief) of Powell, Goldstein, Frazer & Murphy, Atlanta, Ga. (Michael Paul Kirschner, Teree E. Foster, and Shannon Self of Hastie and Kirschner, Oklahoma City, Okl.; and Alan R. Bromberg, Dallas, Tex., on the brief) for defendant-appellant-cross-appellee.

Before McKAY and BRORBY, Circuit Judges and BRIGHT, Senior Circuit Judge.

BRIGHT, Senior Circuit Judge.

Ronald J. Grubb recovered a judgment upon a jury trial in district court against First National Bank and Trust Company of Oklahoma City (First National) in the sum of $2,722,629.88 on a complaint alleging that First National committed fraud in violation of section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 of the Securities and Exchange Commission, as well as Oklahoma state law, when it induced Grubb and a coinvestor...

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