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HAMILTON BANK & TRUST CO. v. HOLLIDAY

Civ. A. No. C76-1558A.

469 F.Supp. 1229 (1979)

The HAMILTON BANK AND TRUST COMPANY, Plaintiff, v. T. Wendell HOLLIDAY, N. Rountree Youmans, Thomas F. Mahone, John G. Brennan, Richard A. Chepul, John Vorder Bruegge, James D. Garner, Gary D. Sweetin, Devereux Chamberlain, Donald Jones, William Puckett, Richard L. Heffner, Paul R. Cobble, James T. Vann, B. Lamar Rankin, Phillip S. Barrett, W. Max Finley, John L. Hutcheson, Jr., H. Clay E. Johnson, W. Hanes Lancaster, Jr., William Deaderick Moon, Jr., Z. Cartter Patten, J. Polk Smartt, Blackwell Smith, Jr., Richard C. Thatcher, Jr., David D. Hamilton, and the First American National Bank of Nashville, Executor of the Estate of E. Carmack Cochran, Defendants.

United States District Court, N. D. Georgia, Atlanta Division.

May 4, 1979.

Attorney(s) appearing for the Case

Thomas Richey and Robert W. Patrick, Powell, Goldstein, Frazer & Murphy, Atlanta, Ga., for plaintiff.

John C. Stophel and John R. Seymour, Stophel, Caldwell & Heggie, Chattanooga, Tenn., for defendant Heffner.

Edgar H. Sims, Jr., Kutak, Rock & Huie, Atlanta, Ga., for defendants Youmans, Mahone and Barrett.

Terry L. Miller and Warren N. Coppedge, Jr., Mitchell, Mitchell, Coppedge, Boyett & Wester, Dalton, Ga., for defendants Brennan, Sweetin and Garner.

James W. Gentry, Jr., Gentry & Boehm, Chattanooga, Tenn., for defendants Cobble, Rankin and Vann.

A. Stephens Clay, Thomas C. Harney and Jerre B. Swann, Kilpatrick, Cody, Rogers, McClatchey & Regenstein, Atlanta, Ga., for Finley, Hutcheson, Johnson, Lancaster, Patten, Smartt, Smith and Thatcher, Hamilton and The First American National Bank of Nashville, Executor of the Estate of E. Carmack Cochran.

Michael T. Turner, McClain, Mellen, Bowling & Hickman, Atlanta, Ga., for Devereux Chamberlain.

John Vorder Bruegge, William Deaderick Moon, Richard A. Chepul, T. Wendell Holliday, Don L. Jones, and William Puckett, pro se.

ORDER

MOYE, District Judge.

This is an action for rescission and damages brought by the Hamilton Bank and Trust Company ("HB&T") under the Securities Act of 1933 ("Securities Act"), 15 U.S.C. § 77a et seq.; the Securities Exchange Act of 1934 ("Exchange Act"), 15 U.S.C. § 78a et seq.; the Georgia Securities Act of 1973, Ga.Code Ann. § 97-101 et seq.; and the common law of fraud. Plaintiff HB&T claims that the defendants...

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