No. Civ. 4-86-135.

659 F.Supp. 480 (1987)

Robert W. NELSEN, Lois Y. Nelsen, Dennis A. Vegel, and Janice A. Vegel, individually and on behalf of others similarly situated, Plaintiffs, v. CRAIG-HALLUM, INC., Defendant.

United States District Court, D. Minnesota, Fourth Division.

April 8, 1987.

Attorney(s) appearing for the Case

Samuel D. Heins and Sherri L. Knuth, Tanick & Heins, and Richard A. Lockridge, Opperman & Paquin, Minneapolis, Minn., for plaintiffs.

Terrence J. Fleming, and Michael Olafson, Lindquist & Vennum, Minneapolis, Minn., for defendant.


DIANA E. MURPHY, District Judge.

Robert and Lois Nelsen and Dennis and Janice Vegel charge Craig-Hallum, Inc. with violations of federal securities law and common law fraud. Plaintiffs allege that Craig-Hallum encouraged customers such as themselves to buy stock in the Terrano Corp., although defendant knew that Terrano was in serious financial trouble. They assert that Craig-Hallum was intimately involved with the daily affairs...

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