LOLKUS v. VANDER WILT

No. 52024.

141 N.W.2d 600 (1966)

Adrianius LOLKUS, Cornelius Lolkus, Leonard Vanden Bosch, Kerwin R. Hoffs, John Broek, Jr., and Cornie Broek, Appellees, v. Arnold J. VANDER WILT and Raymond E. Gunter, Appellants.

Supreme Court of Iowa.

April 5, 1966.


Attorney(s) appearing for the Case

Goldberg, Probasco & Berenstein, by Marvin S. Berenstein, Sioux City, for appellants.

Pendleton & Pendleton, by C. Wendell Pendleton, Storm Lake, and Daniel D. Sanderson, Estherville, for appellees.


SNELL, Justice.

This is a civil action at law under the Iowa Securities Law chapter 502, 1962 Code of Iowa, commonly called the "Blue Sky Law." Six plaintiffs, appellees herein, sought recovery of their purchase money paid for certificates of fractional interests in a Colorado mining venture referred to as Quickie Iron Mining Company. As the situation developed it appeared that the only thing quick about the mining company was the way in which the investors lost their...

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