McCARNEY v. JOHANNESON

Civ. No. 10062.

315 N.W.2d 470 (1982)

Robert P. McCARNEY, Plaintiff and Appellant, v. Kent JOHANNESON and Richard D. Olson, Defendants and Appellees.

Supreme Court of North Dakota.

January 25, 1982.


Attorney(s) appearing for the Case

Wheeler, Wolf, Peterson, Schmitz, McDonald & Johnson and Lundberg, Conmy, Nodland, Lucas & Schulz, Bismarck, for plaintiff and appellant; argued by Orell D. Schmitz, Bismarck.

Thomas F. Kelsch, of Kelsch Law Firm, Bismarck, for defendants and appellees.


VANDE WALLE, Justice.

Robert P. McCarney appealed from a summary judgment dismissing his action against Kent Johanneson and Richard D. Olson. We reverse.

McCarney seeks to recover $75,000, the price of the securities he purchased from Johanneson and Olson, plus costs and attorney fees. McCarney's claim is that the sale to him was in violation of North Dakota's Securities Act and he therefore may elect to avoid the sale.

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