SEABOARD PLANNING CORP. v. POWELL

No. 50581.

364 So.2d 1091 (1978)

SEABOARD PLANNING CORPORATION et al. v. Edward P. POWELL et al.

Supreme Court of Mississippi.

Rehearing Denied December 13, 1978.


Attorney(s) appearing for the Case

Crymes G. Pittman, Jackson, E. Clifton Hodge, Jr., University, for appellants.

Daniel, Coker, Horton, Bell & Dukes, John B. Clark, Jackson, Larry E. Clark, Taylorsville, Wise, Carter, Child, Steen & Caraway, Joseph P. Wise, Henderson Hall, Jackson, for appellees.

Before PATTERSON, BROOM and LEE, JJ.


BROOM, Justice, for the Court:

"Blue Sky" laws are the basis of the suit of complainants, Edward P. Powell and wife, Lessie S. Powell (Powells), seeking rescission and damages for misrepresentation and fraud in the sale of securities to them by the defendant William Howard Yates. Other defendants to the Powells' suit are: Seaboard Planning Corporation (Seaboard); Lexton-Ancira, Inc.; Lexton-Ancira Real Estate Income Partners...

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