Hippensteel v. Karol
Indiana Court of Appeals
1Opinion of the Court
I
STATEMENT ON THE APPEAL
Staton, J.
Dr. Karol sold Dr. Hippensteel unregistered securities in a Costa Rican sugar refining corporation. Five (5) Six Thousand Dollar ($6,000.00) units were sold. Each unit consisted of a share of stock and a debenture. Dr. Karol had made eight other sales to different purchasers totalling One Hundred Eight Thousand Dollars ($108,000.00). Dr. Hippensteel brought an action to recover the purchase price, interest and attorney’s fees. Besides common law fraud, his complaint alleged violation of the fraudulent practices and registration provisions of the Indiana…
2Cases cited9 opinions
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- Theye v. BatesIndiana Court of Appeals · 1975
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