Zimmerman v. First Federal Savings & Loan Ass'n of Rapid City, S.D.
Court of Appeals for the Tenth Circuit
1Opinion of the Court
TACHA, Circuit Judge.
Western Plains Service Corporation (WPSC) was a savings and loan service company that packaged, serviced, and sold loans made by other banks or associations. Its shareholders were sixteen South Dakota savings and loan associations. Plaintiffs Donald Gratz and Franklin Zimmerman brought this suit against WPSC, Delbert Bjordahl (president of WPSC), Ron Brown (an employee of WPSC), certain of the shareholder S & Ls, and certain members of WPSC’s board of directors who were also officers of the S & Ls involved. Plaintiffs also sued Donald Winship, an attorney who had…
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