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HASSIG v. PEARSON

No. 76-1537.

565 F.2d 644 (1977)

Lee E. HASSIG, Appellant, v. Ray W. PEARSON, Jr. and A. T. Pearson, Appellees.

United States Court of Appeals, Tenth Circuit.

Decided November 11, 1977.

Attorney(s) appearing for the Case

Phil M. Cartmell, Jr., Kansas City, Mo. (Bill E. Fabian, Kansas City, Kan., with him on the brief), for appellant.

Leonard O. Thomas, Kansas City, Kan. (John A. Price, and Weeks, Thomas, Lysaught, Bingham & Mustain, Kansas City, Kan., of Counsel, with him on the brief), for appellees.

Before SETH, HOLLOWAY and BARRETT, Circuit Judges.

SETH, Circuit Judge.

This is an action brought under section 10(b), Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) (1970), and Rule 10b-5, and involves the sale of bank stock by the plaintiff to one of the defendants, an officer in the bank. Plaintiff Lee Hassig alleged that defendants A. T. Pearson and Ray W. Pearson, Jr., violated their duties to him in the purchase, and sought to recover as damages the profit which the purchaser, Ray Pearson, made by...

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