WILSON v. SOUTHWARD INV. CO. NO. 1


675 S.W.2d 10 (1984)

Ewert WILSON, Individually, and Wilson Drilling and Exploration, Inc., Appellants, v. SOUTHWARD INVESTMENT COMPANY # 1, Southward Investment Company # 2, Southward Investment Company # 3, Southward Investment Company # 4, Southward Investment Company # 5, Southward Investment Company # 6, Southward Investment Company # 7, Southward Investment Company # 8, Southward Investment Company # 9, Appellees.

Court of Appeals of Kentucky.

Rehearing Denied May 18, 1984.

Discretionary Review Denied and Opinion Ordered Published by Supreme Court September 5, 1984.


Attorney(s) appearing for the Case

Elmer P. Heist, Hurt & Heist, Burkesville, for appellants.

Bruce Barrickman, Richardson, Barrickman & Dickinson, Glasgow, for appellees.

Before DUNN, REYNOLDS and WHITE, JJ.


REYNOLDS, Judge.

Appellants, sellers, appeal from summary judgment granting appellees, buyers, rescission of a sale of oil interests for appellants' violation of state and federal securities law.

Appellant, Ewert Wilson, is the sole stockholder/owner of Wilson Drilling and Exploration, Inc. The primary business activity during the period concerned herein relates to oil exploration, drilling and drilling rig sales in the Clinton County area. The appellees are...

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