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TURPIN v. WILSON

49663.

133 Ga. App. 239 (1974)

211 S.E.2d 316

TURPIN v. WILSON.

Court of Appeals of Georgia.

Decided November 7, 1974.

Attorney(s) appearing for the Case

Fierer & Devine, Foy R. Devine, Wayne L. Cardon, for appellant.

Harris & Martin, James F. Martin, Robert B. Harris, for appellee.

CLARK, Judge.

This is a case of first impression: Can a purchaser of shares of stock who might otherwise be barred from recovery by reason of being considered a "participant" in a transaction violative of our "blue sky law"1 recover in assumpsit the amount paid a seller who fails to deliver the securities for reasons beyond seller's control? Under the facts of the instant case we answer in the affirmative.

As originally filed the...

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