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WILSON v. AL McCORD INC.

No. 85-2013.

858 F.2d 1469 (1988)

Richard K. WILSON, Christine J. Wilson, Francis R. Caplan, E. Joyce Caplan, and The Karchmer Company, a Missouri general partnership, Plaintiffs-Appellants, v. AL McCORD INCORPORATED, an Oklahoma Corporation, Al McCord a/k/a L.A. McCord, and Rosemary McCord, Defendants-Appellees.

United States Court of Appeals, Tenth Circuit.

October 11, 1988.

Attorney(s) appearing for the Case

Kirk D. Fredrickson, of Watson & McKenzie, Oklahoma City, Okl., for plaintiffs-appellants.

John T. Edwards, of Monnet, Hayes, Bullis, Thompson & Edwards, Oklahoma City, Okl., for defendants-appellees.

Before McKAY, SEYMOUR and BALDOCK, Circuit Judges.

BALDOCK, Circuit Judge.

Plaintiffs-appellants invested in an oil and gas drilling project in the Ringwood-Meno area of Oklahoma. They instituted this diversity action pursuant to 28 U.S.C. § 1332 in July 1982, seeking to rescind their purchase from defendants-appellees of undivided fractional working interests in two wells as violative of Okla.Stat. tit. 71, § 301 (1971), which provides:1 "It is unlawful for any person to offer...

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