Zochrison v. Redemption Gold Corp.

For purposes of this motion, it must be assumed that the facts alleged in the complaint are true. A conspiracy is alleged in the complaint charging that defendants have conspired to register the securities of the Redemption corporation in the state of Minnesota, in violation of our blue sky law, in order to enable defendants to dispose of stock of the corporation to plaintiffs, and that by various acts of fraudulent concealment, all in violation of the blue sky law, defendants have denuded the corporation of its assets and have thereby defrauded plaintiffs of the amounts which they paid for…