Allied Colorado Enterprises Co. v. Grote

This writ of error involves two actions for rescission of stock-purchase agreements brought by plaintiffs on their own behalf and a similar action by one of the same plaintiffs as assignee of similar claims on behalf of several hundred other persons. Plaintiffs and their assignors, who are defendants in error here, will be collectively referred to herein as plaintiffs. Plaintiff in error, Allied Colorado Enterprises Company, will be referred to as defendant.

Plaintiffs entered into stock-purchase agreements in the amount of $167,798.60 with defendant and one Allen Lefferdink, the latter not…