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SHADOAN v. WORLD SAVINGS & LOAN ASSN.

Docket Nos. A042774, A043950.

219 Cal.App.3d 97 (1990)

268 Cal. Rptr. 207

RICHARD SHADOAN et al., Plaintiffs and Appellants, v. WORLD SAVINGS AND LOAN ASSOCIATION et al., Defendants and Appellants.

Court of Appeals of California, First District, Division One.

March 27, 1990.

Attorney(s) appearing for the Case

COUNSEL

Spiegel, Liao & Kagay and Charles M. Kagay for Plaintiffs and Appellants.

Adams, Sadler & Hovis, Barry D. Hovis and Doniel E. Weil for Defendants and Appellants.

OPINION

STEIN, J.

Richard and Antje Shadoan (the Shadoans) paid the balance of an August 1980 loan obtained by them from World Savings and Loan Association (World). Pursuant to the loan agreement, the Shadoans on October 19, 1987, paid a $5,189.18 prepayment penalty to World. They then brought the instant action on behalf of themselves and others similarly situated, alleging that the...

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