Fed. Sec. L. Rep. P 94,400 Investors Thrift Corporation v. Sam Sexton, Jr., and Cross-Appellants

ROSS, Circuit Judge.

Investors Thrift Corporation (ITC) appeals from an adverse jury verdict in a case wherein ITC was the plaintiff and Sam Sexton, Jr., James S. Hall, and Josephine W. Ramey, Administratrix of the estate of Austin Gatlin, were defendants.

After protracted litigation refined the issues,1 the jury, in this case, was asked to decide whether the defendants, by fraudulent misrepresentations, induced the plaintiff to purchase all of the stock in American Home Builders, Inc. (AHB). AHB controlled a number of other companies including Peoples Loan and Investment Company (PL&I).…