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PROWS v. STATE

No. 890161.

822 P.2d 764 (1991)

Richard S. PROWS and Robert W. Wood, individuals, and Foothill Federated Corporation, a Utah corporation, Plaintiffs and Appellants, v. The STATE of Utah, the Department of Financial Institutions of the State of Utah, and Industrial Loan Guaranty Corporation, Defendants and Appellees.

Supreme Court of Utah.

Rehearing Denied December 5, 1991.

Attorney(s) appearing for the Case

Dennis K. Poole, Duane R. Smith, J. Frederic Voros, Jr., Salt Lake City, for plaintiffs and appellants.

R. Paul Van Dam, Stephen J. Sorenson, Bryce H. Pettey, Ray R. Christensen, Jay E. Jensen, Salt Lake City, for the State of Utah and the Dept. of Financial Institutions.

P. Keith Nelson, David L. Barclay, Salt Lake City, for Indus. Loan Guar.

DURHAM, Justice:

Richard S. Prows, Robert W. Wood, and Foothill Federated Corporation (collectively "Foothill Federated" or "plaintiffs") appeal from the trial court's order dismissing their amended complaint as to defendants Utah Department of Financial Institutions ("DFI") and the State of Utah (collectively "the State").1 The amended complaint sought recovery from the State for losses plaintiffs suffered when Foothill Federated Corporation...

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