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MEYERS v. C & M PETROLEUM PRODUCERS, INC.

No. 72-2632.

476 F.2d 427 (1973)

John C. MEYERS & Lucy B. Meyers et al., Plaintiffs-Appellants, v. C & M PETROLEUM PRODUCERS, INC., et al., Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

Rehearing and Rehearing Denied May 24, 1973.

Attorney(s) appearing for the Case

H. Lehman Franklin, Jr., Statesboro, Ga., Hull, Towill, Norman, Barrett & Johnson, Wyckliffe A. Knox, Jr., Augusta, Ga., for plaintiffs-appellants.

William A. Zorn, Jesup, Ga., for defendants-appellees.

Before COLEMAN, MORGAN and RONEY, Circuit Judges.

Rehearing and Rehearing En Banc Denied May 24, 1973.

COLEMAN, Circuit Judge:

Section 77l, Title 15, United States Code provides as follows:

§ 77l. Civil liabilities arising in connection with prospectuses and communications. Any person who — (1) offers or sells a security in violation of section 77e of this title, * * * * * * shall be liable to the person purchasing such security from...

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