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CAMERON v. OUTDOOR RESORTS OF AMERICA, INC.

No. 77-2312.

608 F.2d 187 (1979)

Nelson C. CAMERON, Jr., and Helen S. Cameron, Plaintiffs-Appellees-Cross Appellants, v. OUTDOOR RESORTS OF AMERICA, INC., etc., et al., Defendants-Appellants-Cross Appellees, Associates Capital Corp., etc., et al., Defendants-Appellees. Joseph E. KARL and Dorothy A. Karl, Plaintiffs-Appellees-Cross Appellants, v. OUTDOOR RESORTS OF AMERICA, INC., etc., et al., Defendants-Appellants-Cross Appellees, Associates Capital Corp., etc., et al., Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

Opinion On Rehearing February 4, 1980.

Attorney(s) appearing for the Case

Ted R. Brown, Orlando, Fla., for defendants-appellants-cross appellees.

Trapp & Black, A. Clifton Black, J. Thomas Cardwell, Orlando, Fla., for plaintiffs-appellees-cross appellants.

Harlan Tuck, Orlando, Fla., for Associates Capital Corp.

Before BROWN, CHARLES CLARK and VANCE, Circuit Judges.

Opinion On Rehearing February 4, 1980. See 611 F.2d 105.

VANCE, Circuit Judge:

Outdoor Resorts of America, Inc., and several of its officers and agents, were found to have violated Section 10(b) of the Securities Exchange Act, 15 U.S.C. § 78j(b), and Rule 10b-5 under that provision, 17 C.F.R. § 240.10b-5, and to have committed common law fraud. Suit was brought by two investors...

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