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REYNOLDS v. TEXAS GULF SULPHUR COMPANY

Nos. C 132-66, 62-67, 59-67 and 54-67.

309 F.Supp. 548 (1970)

George Gordon REYNOLDS, Plaintiff, v. TEXAS GULF SULPHUR COMPANY, a Texas corporation, and Charles F. Fogarty, Defendants. Walter A. MITCHELL, Plaintiff, v. TEXAS GULF SULPHUR COMPANY, a Texas corporation, and Charles F. Fogarty, Defendants. Lawrence A. KARLSON, and Alice A. Karlson, Plaintiffs, v. TEXAS GULF SULPHUR COMPANY, a Texas corporation, and Charles F. Fogarty, Defendants. Arthur R. STOUT, Jr., and Mary Louise Stout, Wife, Plaintiffs, v. TEXAS GULF SULPHUR COMPANY, a Texas corporation, and Charles F. Fogarty, Defendants.

United States District Court D. Utah, C. D.

January 9, 1970.

Attorney(s) appearing for the Case

Parker M. Nielson and A. Reed Reynolds, Salt Lake City, Utah, for plaintiffs, George Gordon Reynolds, Lawrence L. Karlson and Alice A. Karlson.

Verl C. Ritchie, Oscar W. Moyle, Jr., Hardin A. Whitney, Jr., and O. Wood Moyle, III, Salt Lake City, Utah, for plaintiffs, Arthur R. Stout, Jr. and Mary Louise Stout.

Roy G. Haslam, Salt Lake City, Utah, for plaintiff, Walter A. Mitchell.

Calvin A. Behle, Keith E. Taylor, Salt Lake City, Utah, White & Case, Orison S. Marden and P. B. Konrad Knake, Jr., New York City, for defendants Texas Gulf Sulphur Co. and Charles F. Fogarty.

RITTER, Chief Judge.

Common to all four cases, which were consolidated for trial, are alleged violations of Sec. 10(b) of the Securities and Exchange Act of 19341 and Rule 10b-5 promulgated by the Securities and Exchange Commission.2 One complaint includes a count in common law fraud, another alleges a conspiracy between the defendants to violate Sec. 10(b) and Rule 10b-5. Another complaint alleges violations...

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