WESTERN FEDERAL CORP. v. ERICKSON

No. 83-2302.

739 F.2d 1439 (1984)

WESTERN FEDERAL CORPORATION, an Arizona corporation, and James Guaclides, Plaintiffs-Appellees, v. Einar C. ERICKSON and Georgia Erickson, husband and wife, Defendants, and Gregory Davis and Kathy Davis, husband and wife; and Gila Mines Corporation, a Nevada corporation, Defendants-Appellants.

United States Court of Appeals, Ninth Circuit.

Decided August 10, 1984.


Attorney(s) appearing for the Case

William K. Whissen, Paul Tutnick, Phoenix, Ariz., for plaintiffs-appellees.

Brent E. Leavitt, Leavitt, Graves & Leavitt, Las Vegas, Nev., James J. Farley, Susan R. Bolton, Kenneth C. Sundlof, Jr., Shimmel, Hill, Bishop & Gruender, Phoenix, Ariz., for defendants-appellants.

Before SNEED and FLETCHER, Circuit Judges, and QUACKENBUSH, District Judge.


SNEED, Circuit Judge:

Promoters of a silver mining venture suffered a summary judgment entered by the district court on the ground that the sale of interests in the venture violated the registration requirements of the Securities Act of 1933. The district court ordered the promoters of the venture to provide restitution and awarded attorney's fees to the plaintiff-purchasers. The promoters, other than Einar Erickson, appeal. We affirm.

I.

FACTS...

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