Covert v. Cross

DALTON, Judge.

This is an action under “The Missouri Securities Law,” commonly referred to as the “Blue Sky Law,” Sections 409.010 to 409.320 RSMo 1949, V.A.M.S., inclusive and particularly Section 409.240, to recover the amounts paid by plaintiffs for fractional undivided working interests in and for the development of certain oil leases, less the amount of income received, the purchasers having elected to rescind such purchases and having tendered back to the vendors reassignments of the mentioned fractional interests transferred to them. Plaintiffs also seek to recover interest and a…