RHODE v. HERSHBERGER EXPLORATIONS, INC.

No. 4-71 Civ. 363.

349 F.Supp. 993 (1972)

Jack F. RHODE et al., Plaintiffs, v. HERSHBERGER EXPLORATIONS, INC., a corporation, and Stephen C. Heidecker, Defendants.

United States District Court, D. Minnesota, Fourth Division.

October 17, 1972.


Attorney(s) appearing for the Case

Mackall, Crounse & Moore, by Roger V. Stageberg, Minneapolis, Minn., for plaintiffs.

Fredrikson, Byron, Colborn, Bisbee, Hansen & Perlman, by Jerome B. Pederson, Minneapolis, Minn., for defendants.


NEVILLE, District Judge.

This suit was brought under the 1933 Federal Securities Act and also under Rule 10b-5 promulgated pursuant to the 1934 Federal Securities and Exchange Act, by three separate investors1 seeking to recover the amount they paid toward an oil well venture in the State of West Virginia promoted by the defendants. The offering was duly registered with the Minnesota Securities...

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