PIPER ACCEPTANCE CORP. v. SLAUGHTER

No. 84-K-907.

600 F.Supp. 169 (1985)

PIPER ACCEPTANCE CORPORATION, a Florida corporation, Plaintiff, v. William E. SLAUGHTER, Janice H. Slaughter, Dennis C. Hayzlett and Catharine C. Hayzlett, individuals, Defendants. Dennis C. HAYZLETT and Catharine C. Hayzlett, Third-Party Plaintiffs, v. BELLAS AVIATION, INC. d/b/a Rocky Mountain Piper, Anthony G. Bellas, Gerard A. Bellas, Stella K. Bellas, Daniel J. Bellas, Bangor Punta Corporation and its Subsidiaries, Piper Aircraft Corporation, Rocky Mountain Aircraft, Inc., Rocky Mountain Piper, Inc., a Colorado corporation, Alfred Anderson, Michael Littman and Dan Bellas, Third-Party Defendants.

United States District Court, D. Colorado.

January 7, 1985.


Attorney(s) appearing for the Case

Brian A. Magoon, John R. Reha, McMartin, Burke, Loser & Fitzgerald, P.C., Englewood, Colo., for plaintiff and defendant Bangor Punta.

Peter R. Bornstein, Berenbaum & Weinshienk, Denver, Colo., for defendants Hayzlett.

Lance Astrella, Denver, Colo., for Rocky Mountain Aircraft.


MEMORANDUM OPINION AND ORDER

KANE, District Judge.

Defendants and third-party plaintiffs Dennis C. and Catharine C. Hayzlett entered into an agreement for the sale and leaseback of an airplane on or about December 23, 1981. In their third-party complaint the Hayzletts allege that this transaction involved the sale of a security by improper and fraudulent means. The airplane was manufactured by Piper Aircraft, a wholly owned subsidiary of Bangor Punta Corporation...

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