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LAMB v. YOUNG

441 P.2d 616 (1968)

R. Drew LAMB, Appellant, v. Robert A. YOUNG, Dorothy E. Young, Lloyd G. Rogers, Lois B. Rogers, John T. Rodgers, Helen L. Rodgers, Robert T. Rosenbaum, Edna V. Rosenbaum, and Lithia Lumber Company, Respondents.

Supreme Court of Oregon, In Banc.

Decided May 31, 1968.

Attorney(s) appearing for the Case

Thomas M. Triplett, Portland, argued the cause for appellant. On the briefs were Mautz, Souther, Spaulding, Kinsey & Williamson, A. Allan Franzke and Ridgway K. Foley, Jr., Portland.

Frank A. Bauman, Portland, argued the cause for respondents. With him on the brief were Stanley C. Jones, Jr., Joel B. Reeder, Medford, and Keane, Haessler, Bauman & Harper, Portland.

Before PERRY, C.J., and SLOAN, O'CONNELL, GOODWIN, DENECKE, HOLMAN and LANGTRY, JJ.

DENECKE, Justice.

Plaintiff brought several lawsuits, consolidated for trial, to foreclose stock pledged to secure promissory notes. The notes were given in consideration of plaintiff's lending money to the defendants to purchase the stock. The trial court, sitting without a jury, found that the plaintiff had participated in the sale of the stock to the defendants, that the sale was in violation of the Oregon Securities Law because the stock was not registered and...

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