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DEP'T OF COMMERCE v. DeBEERS DIAMOND INVESTMENT, LTD.

Docket No. 78-1890.

89 Mich. App. 406 (1979)

280 N.W.2d 547

DEPARTMENT OF COMMERCE v. DeBEERS DIAMOND INVESTMENT, LTD.

Michigan Court of Appeals.

Decided April 2, 1979.

Attorney(s) appearing for the Case

Frank J. Kelley, Attorney General, Robert A. Derengoski, Solicitor General, and Marc A. Goldman, Assistant Attorney General, for plaintiff.

Milmet, Vecchio, Kennedy & Carnago, P.C., for defendant.

Before: BASHARA, P.J., and V.J. BRENNAN and R.M. MAHER, JJ.

R.M. MAHER, J.

Defendant DeBeers Diamond Investment, Ltd., appeals from the order of the Ingham County Circuit Court affirming a cease and desist order, issued by plaintiff, ordering defendant to cease sales of diamonds to Michigan residents on grounds that such sales constituted sales of unregistered securities in violation of the Uniform Securities Act, MCL 451.501 et seq.; MSA 19.776(101) et seq.

Defendant is an Arizona corporation which,...

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