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HOLLOWAY v. HOWERDD

Civ. A. No. 6396.

377 F.Supp. 754 (1973)

C. L. HOLLOWAY and wife Martha J. Holloway v. Eugene HOWERDD et al.

United States District Court, M. D. Tennessee, Nashville Division.

March 28, 1973.

Attorney(s) appearing for the Case

C. Allen High, Nashville, Tenn., Wilkes T. Thrasher, Jr., Chattanooga, Tenn., for plaintiffs.

Stanley T. Snodgrass, Nashville, Tenn., George M. Derryberry, Chattanooga, Tenn., for defendants.

MEMORANDUM

MORTON, District Judge.

This case was instituted as a class action against seven defendants alleging violations of §§ 5, 12 and 17 of the Securities Act of 1933 (hereinafter "the Securities Act"), § 10(b) of the Securities Exchange Act of 1934 (hereinafter "the Exchange Act"), and Rule 10b-5 of the Securities and Exchange Commission. A nonsuit was taken as to one defendant, no proof was offered as to the liability

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