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NELSON v. HENCH

No. 4-74-Civil 50.

428 F.Supp. 411 (1977)

Kenneth C. NELSON and Allen W. Enger, Plaintiffs, v. Nevin F. HENCH et al., Defendants.

United States District Court, D. Minnesota, Fourth Division.

February 14, 1977.

Attorney(s) appearing for the Case

James L. Wahlfors, Thomson, Lovett, Wahlfors & Moran, Bloomington, Minn., for plaintiffs.

Donald K. Smith, Smith & Persian, Minneapolis, Minn., for Nevin F. Hench.

Rolf E. Gilbertson, Hall, Joyce & McHaffie, St. Paul, Minn., for Donald L. Anderson.

Lawrence C. Brown, Faegre & Benson, Minneapolis, Minn., for Shearson, Hammill & Co.

MEMORANDUM AND ORDER FOR JUDGMENT

LARSON, District Judge.

This securities fraud case arose out of an investment arrangement between plaintiffs Kenneth C. Nelson and Allen W. Enger, who had no prior investment experience, and defendant Nevin F. Hench, an acknowledged "con man" who is no stranger to this Court.1 In the fall of 1970 Hench was introduced to Nelson by Nelson's son Kevin, who had allowed Hench to invest his money in...

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