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ANDERSON v. FRANCIS I. duPONT & CO.

No. 4-67-Civ. 370.

291 F.Supp. 705 (1968)

C. Gene ANDERSON et al., Plaintiffs, v. FRANCIS I. duPONT & CO., Louis N. Ritten & Company, and Nevin F. Hench, Defendants.

United States District Court D. Minnesota, Fourth Division.

October 2, 1968.

Attorney(s) appearing for the Case

Harold D. Field, Jr., and Leonard, Street & Deinard, Minneapolis, Minn., for plaintiffs.

Robert M. Frisbee and Meagher, Geer, Markham & Anderson, Minneapolis, Minn., for defendant Louis N. Ritten & Co.

David S. Doty and G. Marc Whitehead and Popham, Haik, Schnobrich, Kaufman & Doty, Minneapolis, Minn., for defendant Francis I. duPont & Co.

Donald K. Smith and Smith, Johnson & Persian, Minneapolis, Minn., for defendant Hench.

MEMORANDUM

LARSON, District Judge.

This is an action by some twenty-one plaintiffs seeking to recover general and punitive damages in connection with an alleged fraudulent scheme involving dealings in the commodities market. Plaintiffs allege that defendant Nevin F. Hench (Hench) solicited money from them to invest in the commodities market with the guarantee that it would be returned to them at profits of up to sixty per cent. They also claim that Hench...

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