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VENTURE INVESTMENT CO., INC. v. SCHAEFER

No. 72-1627.

478 F.2d 156 (1973)

VENTURE INVESTMENT CO., INC., and James M. McPeek, Plaintiffs-Appellees, v. Paul A. SCHAEFER, a/k/a Paul Schaefer, Individually and d/b/a Continental Schools of America, Defendants-Appellants.

United States Court of Appeals, Tenth Circuit.

May 10, 1973.

Attorney(s) appearing for the Case

Dale Yoakum, Denver, Colo., for defendants-appellants.

Bernard Dan Steinberg, Denver, Colo., for plaintiffs-appellees.

Before HILL and BARRETT, Circuit Judges, and SMITH, District Judge.

HILL, Circuit Judge.

Venture Investment Company and its president, James M. McPeek, brought suit in Colorado federal district court against Paul A. Schaefer for fraudulent conduct and for violations of state and federal securities laws. Jurisdiction was founded on diversity of citizenship and the Securities Acts of 1933 and 1934.1 The trial court, after hearing all the evidence, determined that Schaefer had violated the Colorado securities...

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