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WILLIAMSON v. TUCKER

No. 79-1058.

632 F.2d 579 (1980)

John D. WILLIAMSON et al., Plaintiffs-Appellants, Cross-Appellees, v. Gordon G. TUCKER et al., Defendants-Appellees, Cross-Appellants.

United States Court of Appeals, Fifth Circuit.

December 11, 1980.

Attorney(s) appearing for the Case

E. Eldridge Goins, Jr., Dallas, Tex., for plaintiffs-appellants, cross-appellees.

Howard V. Tygrett, Jr., Dallas, Tex., for Godwin.

Gordon H. Rowe, Jr., Dallas, Tex., for Trustees, et al.

Stan McMurry, Dallas, Tex., for Gordon Tucker.

Ronald G. Houdyshell, Robert B. Payne, Dallas, Tex., for Fred Tucker.

E. Glen Johnson, Dallas, Tex., for Mason, Polan & M. L. Godwin Investments, Inc.

David P. Seikel, Houston, Tex., for Ken Good & Good Finance.

Before GODBOLD, GARZA and RANDALL, Circuit Judges.

Limited Rehearing Granted.

RANDALL, Circuit Judge:

This case involves the application of the Securities Act of 1933 (the 1933 Act) and the Securities Exchange Act of 1934 (the 1934 Act) to a series of transactions in which undivided interests in a parcel of undeveloped real estate were transferred to several joint ventures created for the purpose of holding the interests for a small number of purchasers, in exchange...

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