FAUSETT v. AMERICAN RESOURCES MANAGEMENT CORP.

Civ. No. C-80-0110.

542 F.Supp. 1234 (1982)

Lonnie FAUSETT, Plaintiff, v. AMERICAN RESOURCES MANAGEMENT CORPORATION, a Utah corporation, and John Does I through X, Defendants.

United States District Court, D. Utah, C. D.

June 30, 1982.


Attorney(s) appearing for the Case

Thomas A. Quinn, James S. Jardine, Ray, Quinney & Nebeker, Salt Lake City, Utah, for plaintiff.

LeRoy S. Axland, J. Michael Hansen, Suitter, Axland & Armstrong, Salt Lake City, Utah, for defendants.


MEMORANDUM DECISION

WINDER, District Judge.

On November 1, 2, 7, 8 and 9 of 1979 plaintiff entered into a series of transactions in which he sold short shares of the stock of defendant American Resources Management Corporation (hereinafter referred to as "ARMCOR"). These transactions were made on the over-the-counter market through broker-dealers located in Salt Lake City, Utah. Plaintiff alleges that in October and November of 1979 and continuing to the...

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