Koscot Interplanetary, Inc. v. Blackwell

O’QUINN, Justice.

After ruling that certain marketing plans used by Koscot Interplanetary, Inc., constituted the sale and offering for sale of securities, requiring registration with the State Securities Board of Texas, the district court entered a final cease and desist order prohibiting further sales pending registration of the plans as securities. Koscot gave notice of appeal from this judgment.

The question presently before this Court is whether mandamus should issue to require the district court to fix an amount of a supersedeas bond pending final determination of the cause on appeal. The…