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ASSOCIATED BUILDERS, INC. v. ALABAMA POWER COMPANY

No. 73-3278.

505 F.2d 97 (1974)

ASSOCIATED BUILDERS, INC., Plaintiff-Appellant, v. ALABAMA POWER COMPANY, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

December 13, 1974.

Attorney(s) appearing for the Case

Phillip Henry Pitts, Joe T. Pilcher, Jr., Selma, Ala., for plaintiff-appellant.

John Bingham, Thomas W. Christian, Birmingham, Ala., for defendant-appellee.

Before WISDOM and CLARK, Circuit Judges, and GROOMS, District Judge.

WISDOM, Circuit Judge:

Associated Builders, Inc. filed this class action suit in federal district court alleging that it had purchased three bonds in reliance on a prospectus which misrepresented the redemption provisions of the bonds. Associated Builders sought damages under Sections 12 and 17 of the Securities Act of 1933, 15 U. S.C. §§ 77l and 77q; Sections 18 and 10 of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78r and 78j(b)...

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