Gilbert v. Meason

Deen, Presiding Judge.

1. The 1957 Securities Act (Ga. L. 1957, pp. 134, 159) provides for a cause of action against these defendants if they have "participated or aided in any way” in a securities sale which would be in violation of the Act. Former Code Ann. § 97-112 (b) makes a sale of securities unlawful if the seller employs device, scheme or artifice to defraud or engages in any act, practice, transaction or course of business which operates or would operate as a fraud or deceit upon the purchaser. To give effect to the plaintiffs signed stock purchase agreement that no representations…