Howell v. Ballard

MEMORANDUM OPINION

PATRICIA DOUGHERTY MacGUIGAN, Judge:

Appellee Howell brought his action below seeking to rescind a business transaction involving himself and Appellants. Tate, Ballard and Tate-Page Enterprises (Appellants) on the grounds that the business interest sold to Appellee by Appellants constituted an unregistered security under the Oklahoma Securities Act, 71 O.S.1981 § 1, et seq. Appellee filed motion for summary judgment claiming the undisputed evidence reflected Appellant Tate-Page Enterprises (TPE) sold him an unregistered, non-exempt security and that Appellants Tate and…