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KIRCHOFF v. SELBY

No. 26S01-9812-CV-760.

703 N.E.2d 644 (1998)

Ralph KIRCHOFF and Wilma Kirchoff, Appellants (Defendants/Counterclaimants Below), v. Jeff W. SELBY and Diane L. Selby, Appellees (Plaintiffs/Counterdefendants Below).

Supreme Court of Indiana.

December 8, 1998.

Attorney(s) appearing for the Case

Patrick A. Shoulders, Robert L. Burkart, Evansville, for Appellants.

Dean E. Richards, Indianapolis, for Appellees.

ON PETITION TO TRANSFER

BOEHM, Justice.

This case deals with the liability of sellers and others under the Indiana Securities Act (the "Indiana Act"). In view of the significant differences between the Indiana Act and § 12 of the Securities Act of 1933, we hold that the elements of a claim under § 19 of the Indiana Act are different in several respects, notably that Indiana law specifically permits recovery under some circumstances from categories...

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