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COMPASS POINT CONDO. v. FIRST RED. SAV.

1921555.

641 So.2d 253 (1994)

COMPASS POINT CONDOMINIUM OWNERS ASSOCIATION, et al. v. FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF FLORENCE, et al.

Supreme Court of Alabama.

April 15, 1994.

Attorney(s) appearing for the Case

William J. Baxley and Joel E. Dillard of Baxley, Dillard, Dauphin & McKnight, Birmingham, Bayless Biles, Bay Minette, for appellants.

W.A. Kimbrough, Jr. and Frank Woodson of Turner, Onderdonk, Kimbrough & Howell, P.A., Mobile, for appellees.

MADDOX, Justice.

The Compass Point Condominium Owners Association, Inc., and 54 individual unit owners filed a complaint in the Baldwin County Circuit Court, asserting fraud against First Federal Savings and Loan Association of Florence, its executive vice president Thomas N. Ward, and others. The plaintiffs alleged that the fraud arose out of First Federal's sale of 68 condominiums at an auction in Gulf Shores. Specifically, the plaintiffs assert that the defendants...

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