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COFFEE v. PERMIAN CORPORATION

Civ. A. No. 5-642.

306 F.Supp. 1371 (1969)

Charles Wendell COFFEE, Plaintiff, v. PERMIAN CORPORATION, W. R. Davis, A. L. Bennett, C. R. Herpick, Earl Layman, and Walter K. Boyd, Jr., Defendants.

United States District Court N. D. Texas, Lubbock Division.

Order on Motion to Reargue December 9, 1969.

Attorney(s) appearing for the Case

Charles E. Galey, Lubbock, Tex., for plaintiff.

W. B. Browder, Jr., Gene L. Jameson, Midland, Tex., for defendants.

MEMORANDUM AND ORDER

WOODWARD, District Judge.

Plaintiff, Coffee, brings this action for damages against the Defendants for the violation of the Security Laws of 1934, 15 U.S.C. § 78a et seq. and Rule X-10b-5 of the Securities and Exchange Commission. The fact allegations of Plaintiff's complaint are, briefly, as follows:

A. Plaintiff is a minority stockholder of the J. B. Knight Company, Inc. (Knight Co.).

B. In 1965 the Defendant,...

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