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PARKER v. BALTIMORE PAINT AND CHEMICAL CORP.

Civ. A. No. 8851.

244 F.Supp. 267 (1965)

Ben H. PARKER, as Trustee of The Clute Corporation, Debtor in Proceedings for the Reorganization of a Corporation under Chapter X of the Bankruptcy Act, Plaintiff, v. BALTIMORE PAINT AND CHEMICAL CORPORATION, a Maryland corporation, Victor Muscat, Edward Krock, Robert L. Huffines, Jr., and A. Alex Shuford, Jr., Defendants.

United States District Court D. Colorado.

August 9, 1965.

Attorney(s) appearing for the Case

Charles J. Kelly, Robert F. Thompson, Ernest W. Lohf, Sp. Counsel, Denver, Colo., for plaintiff.

Dawson, Nagel, Sherman & Howard, Denver, Colo., for defendants Baltimore Paint & Chemical Corp., Victor Muscat, Edward Krock and Robert L. Huffines, Jr.

Wood, Ris & Hames, Denver, Colo., for defendant A. Alex Shuford, Jr.

WILLIAM E. DOYLE, District Judge.

This action arises under the Securities and Exchange Act of 1934. There are so-called Rule 10b-5 claims and also claims alleging common-law fraud. The plaintiff is the trustee in Reorganization under Chapter X of the Bankruptcy Act. The relief sought is rescission and the demand is for return of the stock of the Synkoloid Corporation, which company was formerly a wholly-owned subsidiary of the Clute Corporation. Defendants have filed...

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