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MILLER v. CENTRAL CHINCHILLA GROUP, INC.

No. 73-1731.

494 F.2d 414 (1974)

Jack E. MILLER et al., Appellants, v. CENTRAL CHINCHILLA GROUP, INC., (a/k/a The Central Chinchilla Group, Inc., The Central Chinchilla Group of America, Inc., Central Chinchilla Groups of America, Inc., The Central Chinchilla Guild of America, Inc., Central Chinchilla Guild of America, Inc., and Central Chinchilla Group) (Hereinafter Referred to as Central Chinchilla Group, Inc.), et al., Appellees.

United States Court of Appeals, Eighth Circuit.

Decided March 28, 1974.

Attorney(s) appearing for the Case

James E. Shipman, Cedar Rapids, Iowa, for appellants.

Michael P. Donohue, Robert E. Konchar, Mayer & Bergman, Cedar Rapids, Iowa, for appellees.

Before MATTHES, Senior Circuit Judge, HEANEY, Circuit Judge, and SMITH, Senior District Judge.

HEANEY, Circuit Judge.

The sole issue on this appeal is whether the District Court erred in holding that certain contracts for sale of chinchillas were not investment contracts subject to the Securities Act of 1933, 15 U.S.C. § 77a et seq., and the Securities Exchange Act of 1934, 15 U.S.C. § 78a, et seq.

The plaintiffs' initiated a class action in the Southern District of Iowa against the chinchilla corporations...

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