FOLSE v. COMBINED EQUITIES

Civ. A. No. 82-2198.

592 F.Supp. 559 (1984)

Craig P. FOLSE, et al. v. COMBINED EQUITIES, et al.

United States District Court, W.D. Louisiana, Monroe Division.

August 15, 1984.


Attorney(s) appearing for the Case

Jerald R. Harper, Cook, Yancey, King & Galloway, Shreveport, La., Hayes, Harkey, Smith & Cascio, Joseph D. Cascio Jr., Monroe, La., Law, Snakard & Gambill, Robert F. Watson, H. Allen Pennington Jr., Fort Worth, Tex., for plaintiffs.

Hudson, Potts & Bernstein, Jesse D. McDonald, Monroe, La., for Johnston.

Robert G. Jackson, Baton Rouge, La., for Combined Equities, Inc., Combined Investments, Ltd., Combined Equity Properties, Inc., Combined Securities, Inc., Hardy Swyers, Robert Jackson and Glenn Bodin.

W. Craig Henry, Monroe, La., for O.N.B. of Monroe.

Andrus, Preis & Kraft and James O. Salley, Lafayette, La., and Preis, Crawford, Scheffy, Mauldin & Ryan, Phillip W. Preis, Baton Rouge, La., for North River Ins. Co. & Johnston.


RULING

NAUMAN S. SCOTT, District Judge.

This matter is before us on a Motion to Dismiss pursuant to Rule 12(b)(6), Fed.R. Civ.P., filed by the defendants David L. Johnston, Johnston, Lowery & Grace, and North River Insurance Company. These defendants contend that we should dismiss plaintiffs' claim under § 12(1) of the Securities Act of 1933, 15 U.S.C. § 77l(1), because it is untimely under § 13 of the Act, 15 U.S.C. § 77m...

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