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VALE NATURAL GAS v. CARROLLTON RESOURCES

Civ. A. No. 92-441.

795 F.Supp. 795 (1992)

VALE NATURAL GAS AMERICA CORP. v. CARROLLTON RESOURCES 1990, LTD., et al.

United States District Court, E.D. Louisiana.

May 21, 1992.

Attorney(s) appearing for the Case

Felix Henri Lapeyre, Jr., Matthew J. Randazzo, III, Lapeyre, Terrell, Rusch & Randazzo, New Orleans, La., for plaintiff.

William H. Collier, William C. Hollier, Reginald J. Ringuet, Hollier & Ringuet, Lafayette, La., Larry Charles Hebert Sonnier, Hebert, Abbeville, La. for defendants.

Michael Campbell McKeogh, New Orleans, La., for John B. Ross, Burks Engineering, Inc. and Donald H. Burks.

ORDER AND REASONS

FELDMAN, District Judge.

Before the Court is defendants' motion under Rule 12(b)(6) to dismiss plaintiff's securities law claims.

For the reasons that follow, the motion is DENIED.

I.

This is a story of unrealized expectations in an oil and gas deal. A group of twenty of the defendants named in this case (the Carrollton group) owned undivided fractional working interests in oil and gas leases on two wells located...

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