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REID v. MADISON

Civ. A. No. 77-392-N.

438 F.Supp. 332 (1977)

Milton A. REID and Marian T. Reid, Plaintiffs, v. J. Hugo MADISON and Viola M. Madison, Defendants.

United States District Court, E. D. Virginia, Norfolk Division.

October 12, 1977.

Attorney(s) appearing for the Case

Charles W. Best, Jr., Kaufman, Oberndorfer & Spainhour, Norfolk, Va., for plaintiffs.

Beril M. Abraham, Coureas, Abraham & Morrison, Norfolk, Va., and James A. Overton, Portsmouth, Va., for defendants.

OPINION AND ORDER

CLARKE, District Judge.

This matter comes before the Court on defendants' Motion for Summary Judgment. Plaintiffs' complaint alleges acts by defendants in connection with the offer and sale of securities that constitute violations of § 17(a) of the Securities Act of 1933 (15 U.S.C. § 77q) [hereinafter referred to as "the 1933 Act"], § 10(b) of the Securities Exchange Act of 1934 (15 U.S.C. § 78j(b)) [hereinafter referred...

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