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BRADFORD v. PLAINS COTTON COOPERATIVE ASS'N

Nos. 75-1217-75-1225.

539 F.2d 1249 (1976)

C. M. BRADFORD et al., Plaintiffs-Appellees, v. PLAINS COTTON COOPERATIVE ASSOCIATION, Defendant-Appellant.

United States Court of Appeals, Tenth Circuit.

Decided July 9, 1976.

Rehearing Denied August 11, 1976.

Attorney(s) appearing for the Case

Burck Bailey, Oklahoma City, Okl. (Fellers, Snider, Baggett, Blankenship & Bailey, Oklahoma City, Okl., and William W. Blackledge, Lubbock, Tex., on the brief), for appellant.

Bob R. Scarbrough, Altus, Okl. (Harbison & Weber, Altus, Okl., on the brief), for appellee in No. 75-1217.

Tal Oden, Altus, Okl. (Oden & Oden, Altus, Okl., on the brief), for appellees in No. 75-1218.

Paul Stumbaugh, Mangum, Okl., for appellees in Nos. 75-1219, 75-1220, 75-1221, 75-1222, and 75-1225.

William M. Fancher, Hollis, Okl. (Fancher & Moore, Hollis, Okl., on the brief), for appellees in No. 75-1223.

Larry Weber, Altus, Okl. (Harbison & Weber and Bob R. Scarbrough, Altus, Okl., on the brief), for appellee in No. 75-1224.

Neil P. Gillen, Washington, D.C. (Walter H. E. Jaeger, Chicago, Ill., on the brief), filed a brief on behalf of the American Cotton Shipper Ass'n as amicus curiae urging reversal.

Before LEWIS, Chief Judge, BREITENSTEIN and BARRETT, Circuit Judges.

BREITENSTEIN, Circuit Judge.

The issue in these diversity jurisdiction cases is the validity of forward contracts for the sale by the plaintiffs-appellees of cotton to the defendant-appellant. The district court gave the plaintiffs judgments against the buyer totaling over $521,000, plus interest, for cotton sold by them and a total of $19,000 for attorneys' fees. The buyer appeals. We reverse.

The plaintiffs-appellees...

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