Michael P. CRONIN, on his own behalf and on behalf of all other persons similarly situated, Plaintiff-Appellant,
v.
MIDWESTERN OKLAHOMA DEVELOPMENT AUTHORITY et al., Defendants-Appellees.
Fred A. W. FRANKE, on his own behalf and on behalf of all other persons similarly situated, Plaintiff-Appellant,
v.
MIDWESTERN OKLAHOMA DEVELOPMENT AUTHORITY et al., Defendants-Appellees.
United States Court of Appeals, Tenth Circuit.https://leagle.com/images/logo.png
Argued and Submitted January 22, 1979.
Decided April 8, 1980.
Attorney(s) appearing for the Case
J. Michael Rediker of Ritchie, Rediker & Warren, Birmingham, Ala. (Roger J. Nichols of Nichols & Rose, Beverly Hills, Cal. and Robert A. Jackson of Cassil, Jackson & Hall, Oklahoma City, Okl., with him on brief), for plaintiffs-appellants Michael P. Cronin and Fred A. W. Franke.
Thomas J. Kenan of George, Kenan, Robertson & Lindsey, Oklahoma City, Okl. (Robert C. Bailey of McClelland, Collins, Sheehan, Bailey & Bailey, Oklahoma City, Okl., with him on brief), for defendants-appellees Andrew J. Haswell, J. Dell Gordon and Haswell and Gordon.
James W. Shepherd, Oklahoma City, Okl. (A. P. Murrah, Jr., and Andrews, Mosburg, Davis, Elam, Legg & Bixler, Inc., Oklahoma City, Okl., with him on brief), for defendant-appellee Fred W. Rausch, Jr.
Reid E. Robison, Oklahoma City, Okl. (Reford Bond, Oklahoma City, Okl., and McAfee, Taft, Mark, Bond, Rucks & Woodruff, Oklahoma City, Okl., of counsel, with him on brief), for defendants-appellees Smith, Leaming & Swan, a Law Partnership, and its Partners, Hal D. Leaming and Roger H. Swan.
William W. Wiles, Jr. of Rhodes, Hieronymus, Holloway & Wilson, Oklahoma City, Okl., for defendants-appellees Blankenship & Harbour, Lawrence Blankenship and David M. Harbour.
William D. Curlee of Lytle, Soule & Emery, Oklahoma City, Okl., for defendants-appellees Sec. Bank and Trust Co. and Guaranty Trust Co.
Before SETH, Chief Judge, BREITENSTEIN and DOYLE, Circuit Judges.
United States Court of Appeals, Tenth Circuit.
WILLIAM E. DOYLE, Circuit Judge.
INTRODUCTORY
These two cases are each consolidated appeals from a series of orders of the U. S. District Court for the Western District of Oklahoma. Involved are two securities fraud actions brought under § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j; SEC Rule 10b-5, 17 C.F.R. § 240.10b-5; antifraud provisions of the Oklahoma Securities Act, Okla.Stat.Ann. title 71 § 408; and common-law...
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