Lintz v. Dillon

DIES, Chief Justice.

Melvin Lintz sued Eastman Dillon, Union Securities & Co., and Sam Dodd for recission of a contract for the sale of Omnitec securities by Eastman Dillon to Lintz. Plaintiff sought recission on the basis of Tex.Rev.Civ.Stat.Ann. art. 581-33 A(l) for failure to register the securities, or on the basis of art. 581-33 A(2) because of untrue statements or omissions of material fact *149made at the time of the sale.1 Trial was to the court without a jury.

The court made findings of fact and conclusions of law that: (1) any cause of action based on art. 581-33 A(l) for failure to…