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HIPPENSTEEL v. KAROL

No. 3-373A26.

304 N.E.2d 796 (1973)

Harland HIPPENSTEEL, Jr., Appellant (Plaintiff below), v. Herbert J. KAROL, Appellee (Defendant below).

Court of Appeals of Indiana, Division No. 3.

December 28, 1973.

Attorney(s) appearing for the Case

Phyllis G. Poff, Auburn, David Peebles, Ft. Wayne, for appellant.

Clifford E. Simon, Jr., and Thomas M. Moorhead, of Shoaff, Keegan, Baird & Simon, Ft. Wayne, for appellee.

STATON, Judge.

I.

STATEMENT ON THE APPEAL

Dr. Karol sold Dr. Hippensteel unregistered securities in a Costa Rican sugar refining corporation. Five (5) Six Thousand Dollar ($6,000.00) units were sold. Each unit consisted of a share of stock and a debenture. Dr. Karol had made eight other sales to different purchasers totalling One Hundred Eight Thousand Dollars ($108,000.00). Dr. Hippensteel brought an action to recover the purchase price, interest...

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