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JOHNSON v. STEPHENS DEVELOPMENT CORP.

No. 75-1077 Summary Calendar.

538 F.2d 664 (1976)

Mabel Bugh JOHNSON et al., Plaintiffs-Appellants, v. STEPHENS DEVELOPMENT CORPORATION et al., Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

September 10, 1976.

Attorney(s) appearing for the Case

Hal Haralson, Austin, Tex., for J. H. Wofford and James L. Parks.

Norman C. Russell, Texarkana, Tex., for defendants-appellees.

Before BROWN, Chief Judge, and GODBOLD and GEE, Circuit Judges.

GODBOLD, Circuit Judge:

Plaintiffs are purchasers of lots in a subdivision development known as Kings Country located on Lake Cypress Springs, Texas. The defendants are the developer of the subdivision, its principal stockholder, and its manager. Plaintiffs sued for damages on two theories: that the registration requirements for real estate subdivisions under the Interstate Land Sales Full Disclosure Act (HUD Act), 15 U.S.C. §§ 1701 et seq., were...

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