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HEIZER CORP. v. ROSS

No. 78-2349.

601 F.2d 330 (1979)

HEIZER CORPORATION, Plaintiff-Appellant, v. Jordon ROSS, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

July 10, 1979.

Rehearing and Rehearing Denied September 13, 1979.

Attorney(s) appearing for the Case

Allan Horwich, Chicago, Ill., for plaintiff-appellant.

N. A. Giambalvo, Chicago, Ill., for defendant-appellee.

Before SPRECHER, Circuit Judge, PECK, Senior Circuit Judge, and WOOD, Circuit Judge.

Rehearing and Rehearing In Banc Denied September 13, 1979.

SPRECHER, Circuit Judge.

The principal question in this appeal is whether the right of contribution is available from joint securities wrongdoers under Rule 10b-5 in a cause of action separately brought subsequent to the judgment creating the securities laws liability.

I

In a separate cause of action, two shareholders of International Digisonics Corporation (IDC), formed in 1969 to...

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