Adamson v. Lang

This action was brought by 87 persons as plaintiffs, to recover amounts paid by each of them for the purchase of shares of stock in Ore-Mont Oil Corporation. They also prayed for interest, attorney fees, and costs. Defendant Lang, who made no defense to this action, was the promoter, organizer, and executive officer of the corporation. It is alleged that Hyde, hereafter referred to as defendant, participated with Lang in the sale of the corporation’s stock in violation of the provisions of Chapter 59, Oregon Revised Statutes.

The corporation was formed to finance drilling for oil on Montana…