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DURNING v. FIRST BOSTON CORP.

No. C85-1328D.

627 F.Supp. 393 (1986)

Marvin B. DURNING and Jean C. Durning, husband and wife, on behalf of themselves and all other persons similarly situated, Plaintiffs, v. The FIRST BOSTON CORPORATION; Citibank, N.A.; First Interstate Bank of Casper, N.A.; Wyoming Community Development Authority, Defendants.

United States District Court, W.D. Washington, Seattle Division.

January 7, 1986.

Attorney(s) appearing for the Case

Dexter A. Washburn, Schweppe, Krug & Tausend, P.S., Seattle, Wash., for plaintiffs.

Bennet A. McConaughy, Paul L. Ahern, Jr., Douglas C. Ross, Roberts & Shefelman, Seattle, Wash., for all defendants except First Boston.

Hugh F. Bangasser, Preston, Thorgrimson, Ellis & Holman, Seattle, Wash., for defendant First Boston.

MEMORANDUM AND ORDER

DIMMICK, District Judge.

Defendants move to dismiss under Fed. R.Civ.P. 12(b)(6). They argue that a document attached to the complaint shows that plaintiffs have failed to state a claim upon which relief can be granted. The Court agrees and accordingly dismisses this cause of action.1

This securities fraud lawsuit arises out of the sale of a $75,000,000 issue of tax-exempt single family mortgage revenue...

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