State Ex Rel. McLeod v. Rhoades

Harwell, Justice:

The Attorney General commenced this action alleging that the defendants violated the South Carolina Unfair Trade Practices Act (“UTPA”), §§ 39-5-10, et seq., S. C. Code Ann. (1976), by “unfair and deceptive acts or practices” in connection with the public offering and sale of the stock of Cartridge Televisions, Inc., from July, 1971 to July, 1973. The appellants, all of the named defendants with the exception of Thor Kolle, demurred to the complaint. The lower court overruled the demurrer. We reverse.

Appellants contend that the complaint fails to state a cause of action…