Walters v. First Federal Savings & Loan Ass'n

HAYS, Justice.

This is an action brought by six individual plaintiffs against First Federal Savings and Loan Association (“First Federal”) for damages in connection with the purchase of an apartment complex near Sedona, Arizona. The case was tried to a jury and a verdict was returned in favor of First Federal. Plaintiffs appeal from a denial of a motion for new trial and an award of attorneys’ fees to First Federal. We have jurisdiction pursuant to 17A A.R.S. Civil Appellate Procedure Rules, Rule 19(e).

In 1972, Charles Kirchner applied for and received a construction loan from First Federal…