Butler v. American Asphalt & Contracting Co.

OPINION

OGG, Presiding Judge.

The plaintiff/appellant Clifford Butler brought this action to rescind an investment he made in purchasing controlling interest in the defendant/appellee American Asphalt and Contracting Co., an Arizona corporation. He claims the sale was fraudulent and violates the securities laws of this state. Butler also seeks to recover a loan he made to the corporation. He seeks recovery from the corporation and also from the appellees/defendants John L. Dendy and Inez Dendy, who are stockholders. Butler also seeks recovery from the defendant/appellee Larry J. Richmond, the…