Gonia v. E. I. Hagen Co.

This is an action to recover sums paid for securities sold in violation of the Oregon Securities Law, ch 59 Oregon Revised Statutes. The court tried the case without a jury and entered judgment in favor of plaintiffs against the defendant A. Charles Haubrock, but found in favor of the defendant Edward J. Leahy. Plaintiffs appeal from the judgment exonerating Leahy.

Since this case turns on the construction of ORS 59.250 (1), we quote the applicable portion of the statute, as follows:

ORS 59.250 “(1) Every sale made in violation of any of the provisions of the Oregon Securities Law shall be…