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BROWN v. IVIE

Civ. A. No. 79-2211.

490 F.Supp. 409 (1980)

L. M. BROWN, Plaintiff, v. Milton W. IVIE, Jr., Graham H. Lightsey, Jr., and United Power Distributors, Inc., Defendants.

United States District Court, N. D. Georgia, Atlanta Division.

May 30, 1980.

Attorney(s) appearing for the Case

Robert W. Patrick, Nickolas P. Chilivis, Thomas S. Richey and William G. Leonard, Powell, Goldstein, Frazer & Murphy, Atlanta, Ga., for plaintiff.

C. David Vaughan, Atlanta, Ga., John H. Moore, Downey, Cleveland & Moore, Marietta, Ga., for defendants.

ORDER

ROBERT H. HALL, District Judge.

The facts underlying this complaint involve the ouster of a minority shareholder from a close corporation, United Power Distributors, Inc. The ousted shareholder, Brown, has brought his complaint under the anti-fraud provisions of the federal securities acts. He alleges jurisdiction under Section 27 of the Securities Exchange Act of 1934 (15 U.S.C. § 78aa) and Section 22(a) of the Securities Act of 1933 (15 U.S...

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