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HOLLOWAY v. HOWERDD

Nos. 74-2125, 74-2126.

536 F.2d 690 (1976)

C. L. HOLLOWAY et ux., Plaintiffs-Appellants, v. Eugene HOWERDD et al., Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided June 16, 1976.

Rehearing and Rehearing Denied July 26, 1976.

Attorney(s) appearing for the Case

C. Allen High, John B. Wilkes, Nashville, Tenn., Francis I. Breazeale, Duncan, Breazeale & Secor, Chattanooga, Tenn., Oliver P. Dickens, Jr., Atlanta, Ga., for plaintiffs-appellants.

Stewart S. Kresge, Stanly T. Snodgrass, Nashville, Tenn., George M. Derryberry, Chattanooga, Tenn., for defendants-appellees.

Before WEICK, EDWARDS and McCREE, Circuit Judges.

Rehearing and Rehearing En Banc Denied July 26, 1976.

WEICK, Circuit Judge.

This suit was instituted in the United States District Court for the Middle District of Tennessee as a class action, by Tennessee investors in the shares of stock of Modular Properties, Inc. (Modular), a Georgia corporation, against seven defendants, alleging violations of sections 5, 12 and 17 of the Securities Act of 1933 (15 U.S.C. §§ 77e, 77l, and 77q...

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