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VICIOSO v. WATSON

No. 69-732.

325 F.Supp. 1071 (1971)

Ramon VICIOSO and Camilo S. Jorge, Plaintiffs, v. L. A. WATSON, individually and doing business as Watson Oil Company, Defendants.

United States District Court, C. D. California.

March 23, 1971.

Attorney(s) appearing for the Case

Horvitz & Minikes, Los Angeles, Cal., J. D. White, Wichita, Kan., for plaintiff.

Pacht, Ross, Warne, Bernhard, Sears & Nutter, Los Angeles, Cal., for defendants.

MEMORANDUM OPINION

DAVID W. WILLIAMS, District Judge.

Evidence in this case was presented before this Court sitting without a jury. Jurisdiction is found in the Securities Act of 1933, 15 U.S.C. § 77v(a).

The plaintiffs are doctors with successful practices in the Los Angeles area. In the fall of 1967 they were looking for tax shelter opportunities in which to invest some of their income. About this time, a Mr. Wofford from Wichita, Kansas came...

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