MIDAMERICA FEDERAL SAVINGS & LOAN ASS'N v. SHEARSON/AMERICAN EXP. INC.

No. 87-1247.

886 F.2d 1249 (1989)

MIDAMERICA FEDERAL SAVINGS AND LOAN ASSOCIATION, a federal savings and loan association, Plaintiff-Appellee, v. SHEARSON/AMERICAN EXPRESS INC., a Delaware corporation, and Don Crow, an individual, Defendants-Appellants.

United States Court of Appeals, Tenth Circuit.

September 28, 1989.


Attorney(s) appearing for the Case

Lloyd S. Clareman (Harvey D. Myerson, of Finley, Kumble, Wagner, Heine, Underberg, Manley, Myerson & Casey, New York City, and Claire V. Eagan, of Hall, Estill, Hardwick, Gable, Golden & Nelson, of Tulsa, Okl., with him on the briefs), of Finley, Kumble, Wagner, Heine, Underberg, Manley, Myerson & Casey, New York City, for defendants-appellants.

Sam P. Daniel, Jr. (Richard P. Hix and Charles S. Plumb, of Doerner, Stuart, Saunders, Daniel & Anderson, with him on the brief), of Doerner, Stuart, Saunders, Daniel & Anderson, Tulsa, Oklahoma, for plaintiff-appellee.

Before MOORE, TACHA, and BALDOCK, Circuit Judges.


TACHA, Circuit Judge.

The defendants, Shearson/American Express Inc. (Shearson) and Don Crow, appeal from a judgment entered on a jury's verdict finding that the defendants breached their fiduciary duty to MidAmerica Federal Savings and Loan Association (MidAmerica), violated section 12(2) of the Securities Act of 1933, 15 U.S.C. § 77l, and violated section 408(a)(2) of the Oklahoma Securities Act, Okla.Stat.Ann. tit. 71, § 408(a)(2) (West Supp.1989...

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