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GRAHAM v. CLARK

No. 15454.

332 F.2d 155 (1964)

C. E. GRAHAM, Plaintiff-Appellant, v. Bruce CLARK and Murrell Denton, Defendants-Appellees.

United States Court of Appeals Sixth Circuit.

May 22, 1964.

Attorney(s) appearing for the Case

Robert C. Carter, Glasgow, Ky. (Carroll M. Redford, Glasgow, Ky., on the brief), for appellant.

Robert D. Simmons, Bowling Green, Ky. (Robert M. Coleman, Coleman, Harlin & Orendorf, Bowling Green, Ky., Morris Butler, Greensburg, Ky., on the brief), for appellees.

Before CECIL, O'SULLIVAN and EDWARDS, Circuit Judges.

CECIL, Circuit Judge.

The plaintiff-appellant brought this action in the United States District Court for the Western District of Kentucky to rescind the sale of two oil and gas leases. The sole question presented on this appeal is whether the sale of these leases constituted a sale of a security under the Securities Act of 1933 (Sections 77b, 77e and 77l(1), Title 15, U. S.C.), and as such was required to be registered. Since there was no registration, the...

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