Anthony S. Cassello v. Allegiant Bank

MORRIS SHEPPARD ARNOLD, Circuit Judge.

Anthony Cassello and the other plaintiffs appeal the judgment of the district court granting Allegiant Bank’s motion to dismiss and Royal Banks of Missouri’s motion for judgment on the pleadings. We affirm the district court’s judgment in part and reverse it in part.

According to the complaint, Ronald Roberts and Kenneth Powell fraudulently induced the plaintiffs to write checks or to transfer funds by cashier’s check to them, or to organizations controlled by them, in amounts that totaled more than $2.5 million. The plaintiffs further alleged that the…