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TECHNOMEDICAL LABS v. SECURITIES DIV.

No. 860107-CA.

744 P.2d 320 (1987)

TECHNOMEDICAL LABS, INC., a Utah corporation, and, Connections Marketing Corp., a Nevada corporation (formerly TPI, Inc.), Plaintiffs and Appellants, v. UTAH SECURITIES DIVISION and, John Baldwin, its Director, Utah Department of Business Regulation, William E. Dunn, its Executive Director, and the Securities Advisory Board, Defendants and Respondents.

Court of Appeals of Utah.

October 15, 1987.

Attorney(s) appearing for the Case

Lora C. Siegler, W. Sterling Mason, Jr., Salt Lake City, for plaintiffs and appellants.

David L. Wilkinson, State Atty. Gen., Mark C. Moench, Nicholas E. Hales, Asst. Atty. Gens., for defendants and respondents.

Before GARFF, GREENDWOOD and BENCH, JJ.

BENCH, Judge:

Plaintiffs appeal an order of defendant Department of Business Regulation ("Department") which denied effectiveness to plaintiffs' securities registration statements.1 We affirm.

FACTS

Plaintiffs, Technomedical Labs, Inc. and Connections Marketing Corp. (formerly TPI, Inc.), are publicly-held corporations. In early 1984, plaintiffs each organized a new corporation and thereafter acquired all of the stock...

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