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BUTLER v. AMERICAN ASPHALT & CONTRACTING CO.

No. 1 CA-CIV 2539.

25 Ariz. App. 26 (1975)

540 P.2d 757

Clifford BUTLER, Appellant, v. AMERICAN ASPHALT & CONTRACTING CO., a corporation, John L. Dendy and Inez Dendy, his wife, and John Doe and Jane Doe, his wife, aka Larry J. Richmond and Karen O. Richmond, his wife, Appellees.

Court of Appeals of Arizona, Division 1, Department A.

September 25, 1975.

Attorney(s) appearing for the Case

Hadley & Lea, by David Hadley, Jr., Phoenix, for appellant.

Norling, Rolle, King & Oeser, by James B. Rolle, III, Phoenix, for appellee American Asphalt.

K.G. Flickinger, Jr., Phoenix, for appellees Dendy.

Brown & Galasky, by D. Wayne Brown, Phoenix, for appellees Richmond.

OPINION

OGG, Presiding Judge.

The plaintiff/appellant Clifford Butler brought this action to rescind an investment he made in purchasing controlling interest in the defendant/appellee American Asphalt and Contracting Co., an Arizona corporation. He claims the sale was fraudulent and violates the securities laws of this state. Butler also seeks to recover a loan he made to the corporation. He seeks recovery from the corporation and also from the appellees/defendants...

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