Domarad v. Fisher & Burke, Inc.

This is an appeal by plaintiffs from a judgment, the pertinent recitals of which will later appear in this opinion, and from the order denying the motion to set aside the judgment.

Procedural Background

Plaintiffs, investors with a bankrupt trust deed company, brought this class action against defendants to quiet title to the proceeds of certain promissory notes, for damages for violation of the Corporate Securities Law, and for exemplary damages against conspirators. Defendant Argonaut Mortgage Company (hereinafter referred to as “Argonaut”) erosseomplained asking that Argonaut be adjudged the…