Oregon Shiitake Technology, Inc. v. Kennedy

Plaintiff Fischer was the sole shareholder and sole director of two corporations, Oregon Shiitake Technology, Inc., and Shiitake Marketing Group, Inc. The corporations made sales to investors of mushroom-growing logs, along with contracts under which the mushrooms would be marketed for the investors. In November, 1985, the Oregon Corporation Division notified the corporations and Fischer (plaintiffs) that they were involved in the sale of securities and that they would be required to register the securities. Defendants are the attorneys hired to handle the securities matters.

The corporations…