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OUACHITA INDUSTRIES, INC. v. WILLINGHAM

Civ. A. No. 731.

179 F.Supp. 493 (1959)

OUACHITA INDUSTRIES, INC., Successor to Creswell-Keith, Inc., an Arkansas Corporation, Trustee, and Creswell-Keith Mining Trust, Plaintiff, v. B. F. WILLINGHAM, W. S. (Pete) Bradham Mildred Willingham and Floy Bradham, Defendants, J. E. McMillan and Mary McMillan, Intervenors.

United States District Court W. D. Arkansas, Hot Springs Division.

December 31, 1959.

Attorney(s) appearing for the Case

N. L. Schoenfeld, Hot Springs, Ark., Spencer & Spencer, El Dorado, Ark., for plaintiff.

McMillan & McMillan, Arkadelphia, Ark., for Willinghams.

Brown & Compton, El Dorado, Ark., for Bradhams.

McMillan & McMillan, Arkadelphia, Ark., for McMillans.

JOHN E. MILLER, Chief Judge.

This is an action brought by the plaintiff under the Securities Act of 1933, as amended. The section upon which the plaintiff particularly relies is 12(2), 15 U.S.C.A. § 77l(2). The action is based upon alleged misrepresentations made by defendants which induced plaintiff's predecessors to purchase certain interests in oil leases and oil field equipment as set forth in an assignment executed by defendants on November 29, 1956...

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