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RESOLUTION TRUST CORP. v. EASON

Nos. 93-2185, 93-2264 and 93-2266.

17 F.3d 1126 (1994)

RESOLUTION TRUST CORPORATION, Appellant, v. A.P. EASON, Jr.; Rex A. Smith; J.F. Robinson; J. Warren Murray; Joe A. Upchurch; Delbert A. Allen, Appellees, James E. Shreve, Defendant. RESOLUTION TRUST CORPORATION, Appellee, v. A.P. EASON, Jr.; Rex A. Smith; J.F. Robinson; J. Warren Murray; Joe A. Upchurch, Defendants, Delbert A. Allen, Appellant, James E. Shreve, Defendant. RESOLUTION TRUST CORPORATION, Appellee, v. A.P. EASON, Jr.; Rex A. Smith; J.F. Robinson; J. Warren Murray; Joe A. Upchurch, Appellants, Delbert A. Allen; James E. Shreve, Defendants.

United States Court of Appeals, Eighth Circuit.

Decided March 3, 1994.

Attorney(s) appearing for the Case

Counsel who presented argument on behalf of the appellant was Lance Stockwell, Tulsa Oklahoma, for RTC. Additional attorneys appearing on the brief were Bradley K. Beasley and Sheila M. Powers, Tulsa OK, Lavenski R. Smith, Springdale, AR, Neysa Day, Overland Park, KS.

Counsel who presented argument on behalf of the appellee was William J. Butt, II, Fayetteville, for appellees Eason, Smith, Robinson, Murry and Upchurch and Matthew T. Horan, Fort Smith, AR, for appellee Allen.

Before MAGILL, Circuit Judge, BRIGHT, Senior Circuit Judge, and BEAM, Circuit Judge.

BRIGHT, Senior Circuit Judge.

Resolution Trust Corporation (RTC) brought this jury action seeking damages in the sum of $12 million against officers and directors (Officers) of the failed First Federal Savings and Loan Association of Fayetteville, Arkansas (First Federal) alleging negligence and breach of fiduciary duty in approving loans that later failed. The jury denied recovery and RTC appeals from a judgment of dismissal...

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