Glenda Miera v. First Security Bank of Utah, N.A., a Utah Corporation

McWILLIAMS, Circuit Judge.

Glenda Miera, and others, for themselves and on behalf of all other persons similarly situated, brought the present action against the First Security Bank of Utah, N.A., a Utah corporation (Bank), charging violations of the Securities Exchange Act of 1934 arising out of the Bank’s handling of their stock interests in the Ute Distribution Corporation. 15 U.S.C. § 78j and Rule 10b-5, 17 C.F.R. § 240.10b-5. The plaintiffs alleged, inter alia, that they were all “terminated” or “mixed-blood” members of the Ute Indian Tribe of the Uintah and Ouray Reservations who had…