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HALL v. SECURITY PLANNING SERVICE, INC.

Civ. No 72-393 PHX-CAM.

371 F.Supp. 7 (1974)

Erma DeMarco HALL (Formerly Erma Thompson DeMarco) on her own behalf and on behalf of all other purchasers of securities issued by Cochise College Park, Inc., Plaintiffs, v. SECURITY PLANNING SERVICE, INC., an Arizona corporation, et al., Defendants. Wallace PERRY, as Trustee of Cochise College Park, Inc., Debtor in Cause No. B-72-760-PHX-ED before this Court, Counterclaimant, v. Erma DeMarco HALL (Formerly Erma Thompson DeMarco) on her own behalf and on behalf of all other purchasers of securities issued by Cochise College Park, Inc., Counterdefendant.

United States District Court, D. Arizona.

January 23, 1974.

Attorney(s) appearing for the Case

Duecy, Moore, Petsch, Robinson & Bennett by Chas. M. Duecy, Scottsdale, Ariz., for plaintiffs/counterdefendants.

Song, Smoker & Paris, Scottsdale, Ariz., and David W. Adler, Phoenix, Ariz., for defendant/counterclaimant Wallace Perry, Trustee.

Simon & Jekel by Louis G. Jekel, Jr., Scottsdale, Ariz., for defendant/cross-claimant Bemis and others.

Jennings, Strouss & Salmon by John S. Hobbs, Phoenix, Ariz., for defendant Security Planning.

Sheldon Green, Phoenix, Ariz. (now deceased), for defendants Inland Capital and others.

MUECKE, District Judge.

BACKGROUND

This is a class action brought by Erma DeMarco Hall on behalf of herself and all persons similarly situated who were purchasers of notes payable to Cochise College Park, Inc., secured by mortgages given to Cochise as mortgagee. The notes were given Cochise College Park, Inc. by persons who purchased lots from Cochise College Park, Inc., as partial payment on the lots and were secured by mortgages on the lot sold. Hereafter...

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