No. 94-3063.

61 F.3d 608 (1995)

KANSAS PUBLIC EMPLOYEES RETIREMENT SYSTEM, Plaintiff-Appellee, v. REIMER & KOGER ASSOCIATES, INC., a Kansas corporation; Ronald Reimer, an individual; Kenneth H. Koger, an individual; Clifford W. Shinski, an individual; Brent Messick, an individual; Robert Crew, an individual; Defendants, Frank Morgan, an individual; Sherman Dreiseszun, an individual; Leland Gerhart, an individual; I.I. Ozar, an individual; Raymond Gifford, an individual; Harry S. Jonas, an individual; Ralph E. Kiene, an individual; Randall M. Nay, an individual; Defendants-Appellants, Frank Sebree, an individual; Defendant, Tony Salazar, an individual; Philip Pistilli, an individual; Defendants-Appellants, Michael K. Russell, an individual; Gage & Tucker, a law partnership; Peat, Marwick, Mitchell & Co., an accountancy firm; KPMG Peat Marwick, an accountancy firm; Robert Spence, an individual, Defendants, Frank Morgan; Sherman Dreiseszun; Leland Gerhart; I.I. Ozar; Raymond Gifford; Ralph E. Kiene; Randall M. Nay; Tony Salazar; Philip Pistilli, Third-party plaintiff, Resolution Trust Corporation, Third-party defendant.

United States Court of Appeals, Eighth Circuit.

Decided July 27, 1995.

Rehearing and Suggestion for Rehearing Denied September 6, 1995.

Attorney(s) appearing for the Case

Charles Walter German, Kansas City, MO, argued (Brant M. Laue and Robert J. Campbell, on the brief), for appellants.

Kenneth Philip Ross, Chicago, IL, argued (Robert F. Coleman, Eugene J. Schiltz, Eugene I. Pavalon, Geoffrey L. Gifford, and Robin R. LaFollette, on the brief), for appellee.

Before MCMILLIAN, Circuit Judge, JOHN R. GIBSON, Senior Circuit Judge, and HANSEN, Circuit Judge.

Rehearing and Suggestion for Rehearing En Banc Denied September 6, 1995.

JOHN R. GIBSON, Senior Circuit Judge.

The former directors of Home Savings Association, a savings and loan now in receivership, appeal from a district court order denying their motion for summary judgment on the claims of Kansas Public Employees Retirement System, a creditor of Home Savings. The directors argue that KPERS' claims are barred by the statute of limitations. The district...


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