FIRST VIRGINIA BANKSHARES v. BENSON

No. 75-3604.

559 F.2d 1307 (1977)

FIRST VIRGINIA BANKSHARES, Plaintiff-Appellee, v. Alan BENSON et al., Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

Rehearing and Rehearing Denied November 14, 1977.


Attorney(s) appearing for the Case

Alva C. Caine, Neal C. Newell, Birmingham, Ala., for Benson.

James E. Clark, Birmingham, Ala., Albert E. Jenner, Jr., Robert L. Bombaugh, Gregory G. Wille, Leonard A. Nelson, Chicago, Ill., for Heller.

Hobart M. McWhorter, Jr., Samuel H. Franklin, Birmingham, Ala., for plaintiff-appellee.

Before THORNBERRY and GEE, Circuit Judges, and MARKEY, Chief Judge.


Rehearing and Rehearing En Banc Denied November 14, 1977.

THORNBERRY, Circuit Judge:

First Virginia Bankshares (Bankshares), a commercial lending institution, sued another commercial lending institution, Walter E. Heller and Co. (Heller), and the former owners of a family-owned consumer finance company (the Bensons) for damages arising from alleged violations of §§ 12 and 17 of the 1933 Securities Act, 15 U.S.C. §§ 77l, 77q, §...

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