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deHAAS v. EMPIRE PETROLEUM COMPANY

Civ. A. No. 66-C-167.

302 F.Supp. 647 (1969)

Wm. F. deHAAS, and Colorado International Corp., a Colorado Corporation, Plaintiffs, v. EMPIRE PETROLEUM COMPANY, a Colorado Corporation, Eugene M. Stone and American Industries, Inc., a Nevada Corporation, Defendants.

United States District Court D. Colorado.

August 22, 1969.

Attorney(s) appearing for the Case

James W. Heyer, Denver, Colo., for plaintiffs.

Holmes Baldridge and Arlen S. Ambrose, Denver, Colo., for defendants.

MEMORANDUM OPINION AND ORDER

WILLIAM E. DOYLE, District Judge.

Defendants have filed a post trial motion seeking to vacate and set aside the jury award of punitive damages against the defendant Stone. This motion presents the issue whether punitive damages may be recovered in a civil action for violation of the provisions of Rule 10b-5, promulgated pursuant to § 10(b) of the Securities Exchange Act of 1934. The defendants contend that § 28(a) of...

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