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JOHNSEN v. ROGERS

No. CV 81-2464 CHH.

551 F.Supp. 281 (1982)

Gordon JOHNSEN, Lewis Phan, Petro Investments, Inc., a Nevada corporation, Magoil Investments, Inc., a Nevada corporation, Oil Resources Enterprise, a California Partnership, School Land Oil Company, a California Partnership, Calabasas Oil Company, a California Partnership, Carolwood Oil Company, a California Partnership, Hidden Hills Oil Company, a California Partnership, Thousand Oaks Oil Company, a California Partnership, Tioga Oil Company, a California Partnership, Pilgramage Oil Company, a California Partnership, Broadway Oil Enterprise, a Colorado Limited Partnership, Dumetz Oil Enterprise, a Colorado Limited Partnership, Plaintiffs, v. Jerry L. ROGERS; Oil-Gas Equipment Co., Inc., an Oklahoma corporation; James Cooper, aka James Douglas; Western Oil Resources, Ltd., a Nevada corporation, Norman W. Glade, Defendants.

United States District Court, C.D. California.

November 1, 1982.

Attorney(s) appearing for the Case

David M. Garland, R.F. Wade, Newport Beach, Cal., for plaintiffs.

Barash & Hill by Gary L. Bostwick, Christina L. Machon, Los Angeles, Cal., for defendants Jerry L. Rogers and Oil-Gas Equipment Co., Inc.

Whitman & Ransom, Lee D. Unterman, Charles C. Lee, Robert P. Andreani, Los Angeles, Cal., for defendants James Cooper, aka James Douglas, and Western Oil Resources, Ltd.

Memorandum Opinion

CYNTHIA HOLCOMB HALL, District Judge.

This action is to recover monies paid for fractional interests in oil and gas leaseholds and "turnkey" drilling and operating contracts pursuant to the Securities Act of 1933 ("Securities Act"), 15 U.S.C. § 77a et seq., the Securities and Exchange Act of 1934 ("Exchange Act"), 15 U.S.C. § 78a et seq., and Securities and Exchange Commission Rule 10b-5, 17 C.F.R. §...

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