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COFFEE v. PERMIAN CORPORATION

No. 72-1814.

474 F.2d 1040 (1973)

Charles Wendell COFFEE, Plaintiff-Appellee, v. The PERMIAN CORPORATION et al., Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

Certiorari Denied May 29, 1973.

Attorney(s) appearing for the Case

F. H. Pannill, W. B. Browder, Jr., Midland, Tex., for defendants-appellants.

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

Gerald Huffaker, Tahoka, Tex., for Layman.

Before MORGAN, CLARK and INGRAHAM, Circuit Judges.

Certiorari Denied May 29, 1973. See 93 S.Ct. 2736.

LEWIS R. MORGAN, Circuit Judge:

In this case Charles Wendell Coffee brought suit against the Permian Corporation and several of its directors alleging a violation of § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) and Rule 10b-5 of the Securities Exchange Commission, 17 C.F.R. 240.-10b-5. Coffee claimed that defendants, as majority stockholders, engaged in a scheme to defraud him...

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