Fed. Sec. L. Rep. P 97,666 Paul T. Martin and Harold Bridges v. T. v. Tempo, Inc.

Plaintiffs Martin and Bridges filed a multicount complaint alleging violations of federal and state securities laws, 1 antitrust violations, common law fraud and breach of contract. After discovery was accomplished, both sides moved for partial summary judgment on the question whether the Associate Publisher Agreements sold to plaintiffs by defendants are securities under federal and state law. 2 The district court ruled that the agreements are not securities. It dismissed the federal and state securities claims with prejudice and dismissed all other claims without adjudication. Martin and…