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VERNON v. RESOLUTION TRUST CORP.

No. 89-5185.

907 F.2d 1101 (1990)

Alan P. VERNON, Ted H. Vernon and Melinda B. Vernon, as personal representatives of Estate of Harold Vernon and Emily Vernon, Plaintiffs-Appellants, v. RESOLUTION TRUST CORPORATION, As Receiver for Freedom Savings and Loan Association, Defendants-Appellees, Robert M. Klingler, et al., Defendants.

United States Court of Appeals, Eleventh Circuit.

August 3, 1990.

Attorney(s) appearing for the Case

Ira C. Hatch, Jr., Houston, Shahady & Hatch, Ft. Lauderdale, Fla., for plaintiffs-appellants.

John R. Stump, Alfred I. Frith, Philip D. Storey, Frith & Stump, Orlando, Fla., for defendants-appellees.

Before FAY, Circuit Judge, RONEY, Senior Circuit Judge, and PITTMAN, Senior District Judge.

FAY, Circuit Judge.

Appellants are the disappointed shareholders of a defunct savings and loan association (Old Freedom) declared insolvent barely a year and a half after appellants' predecessor in interest bought several million dollars of its shares. Appellants brought suit against several parties including appellee Freedom Savings and Loan Association (New Freedom),1 the institution that purchased...

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