Guinasso v. Pacific First Federal Savings & Loan Ass'n

Defendant Pacific First Federal Savings and Loan Association (Pacific) appeals and plaintiffs cross-appeal from the trial court’s judgment awarding plaintiffs and the class which they represent unjust enrichment damages and other relief. The controversy arises out of Pacific’s failure to pay the class members, between May, 1969, and June, 1975, proceeds derived from Pacific’s use and investment of advance reserve payments which the members made to Pacific for taxes and insurance on dwellings for which they had received loans from Pacific. Many of the specific issues that the parties raise are…