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INVESTORS EQUITY GROUP v. ROSENKRANTZ LYON & ROSS

No. 5:90-CV-43.

822 F.Supp. 429 (1993)

INVESTORS EQUITY GROUP, a Michigan corporation, Plaintiff, v. ROSENKRANTZ LYON & ROSS, INC., a foreign corporation, Kamal Hughes, Universal Symetrics Corporation, a foreign corporation, Juris Mednis and Leslie Wicks, jointly and severally, Defendants.

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

April 22, 1993.

Attorney(s) appearing for the Case

Michael H. Perry, Iris K. Socolofsky, Fraser, Trebilcock, Davis & Foster, PC, Lansing, MI, for plaintiff.

Phillip J. Neuman, Jacob & Weingarten, PC, Troy, MI, Scott K. Nigro, Feinberg, Felzen & Nigro, New York City, Jerome F. Rock, Grosse Pointe, MI, for defendants.

OPINION

QUIST, District Judge.

Plaintiff Investors Equity Group filed this diversity action against defendants Rosenkrantz, Lyon & Ross, Inc. and Kamal Hughes. Plaintiff alleges that the defendants sold securities to him in violation of the Michigan Blue Sky Laws which require either registration or exemption from registration.1 Plaintiff seeks rescission of the sale and recovery of the purchase price, together with...

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