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DOODY v. E.F. HUTTON & CO., INC.

Nos. Civ. 4-83-588, Civ. 4-83-753.

587 F.Supp. 829 (1984)

Robert M. DOODY, Plaintiff, v. E.F. HUTTON & COMPANY, INC., E.F. Hutton Group, Inc., Viking Petroleum Management, Ltd., VPM 1980 Private Drilling Program, Vemco 1981 Private Drilling Program, and Viking Energy Management Company, Defendants. Vincent S. VELIE, Plaintiff, v. E.F. HUTTON & COMPANY, INC., E.F. Hutton Group, Inc., Viking Petroleum Management, Ltd., VPM 1980 Private Drilling Program, Defendants.

United States District Court, D. Minnesota.

June 1, 1984.

Attorney(s) appearing for the Case

John A. Cochrane and Ronald D. Alley, Cochrane & Bresnahan, St. Paul, Minn., for plaintiffs.

Maureen E. McGrath, Kutak, Rock & Huie, Omaha, Neb., and Roger P. Brosnahan, Minneapolis, Minn. (of counsel), Robins, Zelle, Larson & Kaplan, Minneapolis, Minn., for defendants E.F. Hutton & Co., Inc. and E.F. Hutton Group, Inc.

Robert R. Weinstine, Winthrop, Weinstine & Sexton, St. Paul, Minn., and Richard F. Popp, Tulsa, Okl. (of counsel), Holliman, Langholz, Runnels & Dorwart, Tulsa, Okl., for defendants Viking Petroleum Management, Ltd., VPM 1980 Private Drilling Program, VEMCO 1981 Private Drilling Program and Viking Energy Management Co.

MEMORANDUM AND ORDER

MacLAUGHLIN, District Judge.

These securities fraud cases are before the Court on plaintiffs' motions for dismissal of defendants' counterclaims pursuant to Federal Rule of Civil Procedure 12(b) and (f), or in the alternative, for summary judgment pursuant to Federal Rule of Civil Procedure 56.

FACTS

In 1980 each plaintiff, Robert Doody and Vincent Velie, separately purchased a limited partnership interest in a private...

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