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HILL YORK CORP. v. AMERICAN INTERNAT'L FRANCHISES, INC.

No. 30516.

448 F.2d 680 (1971)

HILL YORK CORPORATION et al., Plaintiffs-Appellees, v. AMERICAN INTERNATIONAL FRANCHISES, INC., et al., Defendants, Gurn H. Freeman et al., Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied October 15, 1971.

Attorney(s) appearing for the Case

Gurn H. Freeman, pro se.

Jack Ward Freeman, pro se.

T. R. Browne, pro se.

Thomas H. Seymour, Kelly, Black, Black & Kenny, P.A., Miami, Fla., for plaintiffs-appellees.

Before GODBOLD, SIMPSON and CLARK, Circuit Judges.

CLARK, Circuit Judge:

This appeal raises substantial and complex questions involving the Securities Act of 1933. Defendants-Appellants, the Freemans and Browne, have appealed from a jury verdict awarding rescission of certain stock sales and punitive damages to plaintiffs-stock purchasers. Basically the issues revolve around whether the defendants have violated Sections 5 and 12(2), but in order to resolve these issues a...

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