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This document summarizes a court case from the United States Court of Appeals for the Eighth Circuit regarding the dismissal of a lawsuit brought by First Financial Federal Savings & Loan Association against E.F. Hutton Mortgage Corporation, Westcap Government Securities, Inc., and E.F. Hutton & Co., Inc. for common law fraud and violations of the Arkansas securities laws relating to the purchase of over $2.2 million in mortgage loans. The court affirmed the district court
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