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OBEE v. TELESHARE, INC.

No. 89-71541.

725 F.Supp. 913 (1989)

John H. OBEE, Plaintiff, v. TELESHARE, INC., International Teleshare, Inc., Gary W. Aili, David Brunel, Sheila Reif, Timothy Brennan, Gerald Hatch, Thomas C. Michaels, Billy Jones, Robert S. Bosshart, and David Reif, Defendants.

United States District Court, E.D. Michigan, S.D.

November 22, 1989.

Attorney(s) appearing for the Case

Mark E. Hallada, Macdonald & Goren, PC, Birmingham, Mich., for plaintiff.

Gary Aili, Fort Collins, Colo., pro se.

William S. Dobreff, Dobreff & Dobreff, PC, Warren, Mich., for all other defendants.

MEMORANDUM AND ORDER

COHN, District Judge.

I.

Plaintiff John Obee alleges that defendants Teleshare, Inc. (Teleshare), International Teleshare, Inc. (International Teleshare), and certain of their officers (the individual defendants)1 fraudulently solicited a series of loans and investments from him through the use of false and misleading statements. He sues for violation of the Securities Exchange Act of 1934, 15 U...

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