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PARKER v. BROOM

No. 86-1843.

820 F.2d 966 (1987)

Jerry E. PARKER; John W. Houston; John P. Madgett, III; Robert E. Coffie; Kaye Creasy Sheehan, Appellants, v. Walter E. BROOM; Jess G. Martin, Jr.; Bro-Mar Oil Company, Appellees.

United States Court of Appeals, Eighth Circuit.

Decided June 12, 1987.

Attorney(s) appearing for the Case

Mark G. Arnold, St. Louis, Mo., for appellants.

Mark S. Packer, St. Louis, Mo., for appellees.

Before McMILLIAN, Circuit Judge, BRIGHT, Senior Circuit Judge, and FAGG, Circuit Judge.

BRIGHT, Senior Circuit Judge.

Jerry Parker, John W. Houston, John P. Madgett III, Robert E. Coffie and Kathryn Creasy Sheehan brought this action against Walter E. Broom and Jess G. Martin, d/b/a Bro-Mar Oil Company (Bro-Mar) for recovery of damages arising out of the company's sale of unregistered security interests in an oil well. Bro-Mar defended the lawsuit on the basis that the offer and sale constituted a private offering exempt from registration. The trial...

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