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AMERICAN BANK & TRUST COMPANY IN MONROE v. JOSTE

Civ. A. No. 13562.

323 F.Supp. 843 (1970)

AMERICAN BANK & TRUST COMPANY IN MONROE v. M. W. JOSTE, R. H. Martin, William Nathan, and Power Oil Company.

United States District Court, W. D. Louisiana, Monroe Division.

October 19, 1970.

Attorney(s) appearing for the Case

Charles H. Ryan, Boles, Talley & Ryan, Monroe, La., for plaintiff.

Jake B. Clegg, Jr., Saccommanno, Clegg & Martin, Houston, Tex., B. Roy Liuzza, Hudson, Potts & Bernstein, Monroe, La., for M. W. Joste, R. H. Martin and Power Oil Co.

William D. Brown, Theus, Grisham, Davis & Leigh, Monroe, La., for William Nathan.

OPINION

DAWKINS, Chief Judge.

This action is brought under the civil liability provisions of the Securities Act of 1933 by the American Bank and Trust Company in Monroe, Louisiana, against (1) William Nathan, (2) the Power Oil Company, (3) R. H. Martin and M. W. Joste, president and secretary respectively of the Power Oil Company at the time of the questioned transactions.1 Plaintiff seeks to impose joint and several (in solido...

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