VEAL v. FIRST AMERICAN SAV. BANK

Nos. 89-1895 and 89-1919.

914 F.2d 909 (1990)

Kerry VEAL, et al., Plaintiffs-Appellants, v. FIRST AMERICAN SAVINGS BANK, et al., Defendants-Appellees. Paul GRAHAM, et al., Plaintiffs-Appellants, v. SECURITY SAVINGS AND LOAN ASSOCIATION, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided September 27, 1990.

Rehearing and Rehearing Denied November 5, 1990.


Attorney(s) appearing for the Case

Ivan E. Bodensteiner, Linda D. Moskowitz, Seymour H. Moskowitz, Valparaiso, Ind., for plaintiffs-appellants.

James L. Turner, David O. Tittle, Donald J. Graham, Bingham, Summers, Welsh & Spilman, Indianapolis, Ind., Paul A. Rake, Sherry L. Clarke, Eichhorn, Eichhorn & Link, Hammond, Ind., for First American Savings Bank.

Henry S. Weinstock, Nossaman, Guthner, Knox & Elliott, Los Angeles, Ca., for California Student Loan Finance Corp.

Richard M. Malad, Cohen & Malad, Indianapolis, Ind., for Western Loan Marketing Assn.

Mark E. Shure, Bruce H. Schoumacher, Kevin T. Keating, McDermott, Will & Emery, Chicago, Ill., Lambert C. Genetos, Burke, Murphy, Costanza & Cuppy, Merrillville, Ind., for Higher Educ. Assistance Foundation.

Andrew B. Baker, Jr., Asst. U.S. Atty., Office of the U.S. Atty., Hammond, Ind., Theodore R. Carter, III, Dept. of Justice, Civ. Div., Washington, D.C., for Dept. of Educ.

James L. Turner, Lloyd T. Wilson, Jr., Donald J. Graham, Bingham, Summers, Welsh & Spilman, Indianapolis, Ind., Mark S. Lucas, Merrillville, Ind., for Security Sav. and Loan.

Before BAUER, Chief Judge, CUMMINGS, Circuit Judge, and WILL, Senior District Judge.


Rehearing and Rehearing En Banc Denied November 5, 1990.

BAUER, Chief Judge.

The appellants (plaintiffs below), former students at the Gary, Indiana, branch of the Adelphi Business College ("Adelphi") ("the students"), seek rescission of their guaranteed student loans,2 reinstatement of their eligibility for Pell Grants, and damages. The appellees (defendants below) are First American...

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