F I L E D

United States Court of Appeals

Tenth Circuit

APR 20 2000

PATRICK FISHER

Clerk

UNITED STATES COURT OF APPEALS

TENTH CIRCUIT

JOHN A. AMERIKS; GORDON

BARTEK, Trustee/Beneficiary for XRay Associates P.C. Profit Sharing

Plan & Trust/Bartek Section; RUTH

BARTEK, Trustee/Beneficiary for XRay Associates P.C. Profit Sharing

Plan & Trust/Bartek Section;

RONALD N. BOYLE, Trustee for

Ronald N. Boyle M.D. Unincorporated

Profit Sharing Plant; RONALD N.

BOYLE PC, Trustee for Ronald N.

Boyle M.D. P.C. Pension Trust

Defined Contribution; CLAYTON

CHING, Trustee for Clayton T.M

Ching M.D. Inc., Defined Benefit

Pension; DAVID COLLINS, Trustee

for Collins and Johnson Defined

Benefit Trust; KAREN JOHNSON,

Trustee for Collins and Johnson

Defined Benefit Trust; EUGENE A.

DOERR, Trustee for Eugene A. Doerr

D.D.S., Inc. Pension & Profit Sharing

Plan; JOHN W. EMMETT, Trustee for

John W. Emmett M.D. Keogh H.R. 10-

Retirement Trust; J.W. EMMETT,

Trustee for Logan Radiology

Associates Inc. Retirement Trust;

JAMES T. SHAW, Trustee for Logan

Radiology Associates, Inc. Retirement

Trust; JOSEPH J. ERRAMOUSPE,

Trustee for Joseph J. Erramouspe

D.D.S. P.C. Restated Employees Profit

Sharing Plan; J. J. ERRAMOUSPE,

Trustee for Joseph J. Erramouspe

D.D.S. P.C. Restated Employee

Pension Plan; AURELIUS ARTHUR

No. 98-4221

(D.C. No. 88-CV-1017)

(D. Utah)
- 2 -

FERMELIA, Trustee for A. Arthur

Fermelia D.D.S. P.C. Restated

Employees Pension Plan; AURELIUS

A. FERMELIA, Trustee for A. Arthur

Fermelia D.D.S. P.C. Restated

Employees Profit Sharing Plan &

Trust; FIRST INTERSTATE BANK, a

Nevada banking corporation, as

Trustee of Agent for Stanley A. Ames

Money Purchase Pension Plan; Stanley

A. Ames, M.D. Chartered Defined

Pension Plan & Trust; Paul D. Bandt

Pension Plan; Paul D. Bandt Profit

Sharing Plan; Brent B. Birkin Pension;

Richard Ellis Pension Plan; Taylor,

Knudsen & Lum Pension Plan for

Ellis, Ralph J. Litton Profit Sharing

Plan; Ralph H. Litton Pension Plan;

Ralph J. Litton Profit Sharing Trust;

Marasso, Miller, Ltd. Money Purchase

Pension Trust; Marasso, Miller, Ltd.

Profit Sharing Plan & Trust; Douglas

S. Wong Pension Plan; Taylor,

Knudsen & Lum Profit Sharing Trust

for Wong; Taylor, Knudsen & Lum

Pension Trust for Wong; L. Keith

Gates, Trustee for Gates, Jensen &

Warren, Inc. Employee Retirement

Plan; ROBERT L. JENSEN, Trustee

for Gates, Jensen & Warren, Inc.

Employee Retirement Plan; DENNIS

P. GORDON, Trustee for Dennis P.

Gordon; JOHN J. HEIECK, Trustee

for Plastic & Reconstructive Surgery

Profit Sharing Trust and Trustee for

Plastic & Reconstructive Surgery

Pension Trust; WILLIAM F.

HOPKINS, Trustee for Urology

Services of Tri-Cities Defined Benefit
- 3 -

Pension Plan; JOAN HULME, Trustee

for Joan Hulme, M.D. P.C. Defined

Benefit Trust; JAMES LUM, Trustee

to Knudsen Family trust f/k/a Taylor,

Knudsen & Lum Pension & Profit

Plans for Knudsen; DONALD R.

MACKAY, Trustee for Donald R.

Mackay, M.D. Ltd. Pension & Profit

Sharing Trust; JOSEPH H. NELSON,

Trustee for Joseph H. Nelson Profit

Sharing Keogh Plan, Trustee for

Joseph H. Nelson Retirement Trust;

ALBERT G. NOORDA, Trustee for

Albert G. Noorda, M.D. Chartered

Employees Profit Sharing Plan &

Trust, Trustee for Albert G. Noorda,

M.D. Chartered Money Purchase

Pension Plan & Trust; JOYCE

NOORDA, Trustee for A.G. Noorda,

M.D. Chartered Employees Profit

Sharing Plan & Trust, Trustee for

Albert G. Noorda, M.D. Chartered

Money Purchase Pension Plan &

Trust; JUEL A. PARKER, Trustee for

Juel A. Parker, D.D.S. Ltd. Pension

Trust; K. DAVID PERKINS, Trustee

for Pathology Consulting Services

Retirement Trust; BOB SOROKOLIT,

Trustee for Bob Sorokolit, M.D. P.A.

Employees Pension Trust; ANDREW

J. WELCH, Trustee for Southwest

Orthopedic & Sports Clinic P.C.

Pension Plan; MARILYN S. WELCH,

Trustee for Southwest Orthopedic &

Sports Clinic P.C. Pension Plan;

ROBERT N. WELLS, Trustee for

Robert N. Wells, M.D. Inc. Pension

Trust; MARY LUCILE BISHOP;

STEVEN H. HODSON; STEPHEN A.
*

 This order and judgment is not binding precedent, except under the

doctrines of law of the case, res judicata, and collateral estoppel. This court

generally disfavors the citation of orders and judgments; nevertheless, an order

and judgment may be cited under the terms and conditions of 10th Cir. R. 36.3.

**The Honorable James O. Ellison, Senior District Judge, United States

District Court for the Northern District of Oklahoma, sitting by designation.

- 4 -

KOLLINS, General Partner for Miklat

Enterprises; DAVID A. MULKEY,

Trustee for Associated Pathologists

Chartered Profit Sharing Plan; General

Partner for P.F. Partnership, aka

Mulkey Limited Partnership; HENRY

J. NAVE; LINDA R. NAVE; DANIEL

R. SUCHY; CARL M. FISHER,

Plaintiffs - Appellants,

vs.

ZIONS FIRST NATIONAL BANK,

Defendant - Appellee

ORDER AND JUDGMENT*

Before EBEL and KELLY, Circuit Judges, and ELLISON,

** District Judge.

Plaintiffs-Appellants are trustees of pension plans and individuals who

purchased promissory notes or limited partnership interests in partnerships

syndicated by a now-defunct corporation known as Coordinated Financial

Services (“CFS”). Defendant-Appellee Zions First National Bank served as
- 5 -

indenture trustee for the partnerships. After CFS went bankrupt, Plaintiffs sued

Zions under a number of theories, including violations of ERISA and the Trust

Indenture Act, breach of fiduciary duty, breach of contract, constructive fraud,

negligence, violation of federal and state securities laws, common law fraud,

negligent misrepresentation, and a claim for an accounting. The parties are

familiar with the detailed facts and the arguments raised upon appeal; we need

not restate them here. 

In two orders, the district court granted summary judgment in favor of

Zions on all counts. See Add. to Aplt. Br. 1, 34 (Aug. 27, 1996) & 35, 70-71

(Sept. 30, 1998). We review the grant of summary judgment de novo. In doing

so, we apply the same standard as the district court to determine whether there is

a genuine issue of material fact, and whether defendant is entitled to judgment as

a matter of law. See Southwestern Bell Wireless, Inc. v. Johnson County Bd. of

County Comm'rs , 199 F.3d 1185, 1189 (10th Cir. 1999). We examine the entire

factual record and any reasonable inferences which may be drawn from it in the

light most favorable to the Plaintiffs. See Chessin v. Keystone Resort

Management, Inc. , 184 F.3d 1188, 1191-92 (10th Cir. 1999).

Guided by these standards, we have carefully reviewed the materials

provided to us, and conclude that the district court was correct in entering

summary judgment in favor of Zions on all claims. We affirm the for
- 6 -

substantially the same reasons contained in the district court’s orders cited above. 

It is thus unnecessary to review the district court’s denial of class certification. 

AFFIRMED.

Entered for the Court

Paul J. Kelly, Jr.

Circuit Judge