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SHONTS v. HIRLIMAN

Nos. 8358-Y, 8301-Y, 21-Y.

28 F.Supp. 478 (1939)

SHONTS et al. v. HIRLIMAN et al. CALDWELL v. SAME. WOGAHN v. SAME.

District Court, S. D. California, Central Division.

July 17, 1939.

Attorney(s) appearing for the Case

Frederick W. Mahl, Jr., of San Francisco, Cal., for plaintiff Sydney L. Shonts.

David I. Lippert, of Los Angeles, Cal., for plaintiffs W. W. Caldwell and Lester E. Wogahn.

Swarts & Tannenbaum, of Los Angeles, Cal. (Louis E. Swarts, of Los Angeles, Cal., of counsel), for defendant George A. Hirliman.

Lloyd Taraday, of Los Angeles, Cal., for defendant Webster, Atz & Co.

Leo Shapiro, of Los Angeles, Cal., for defendant Michael Hoffman.

YANKWICH, District Judge (after stating facts as above).

The problems presented by these motions must be solved by an analysis of the statute or by reference to similar statutes or claims of similar character, because, owing to the newness of the Securities Act of 1933, there are no cases determining them.

The Congress of the United States, for the first time in its history, undertook in 1933, to pass a statute similar to the state Corporate Securities statutes...

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