Sharp v. I.S., Inc.
District Court, S.D. Illinois
1Opinion of the Court
MEMORANDUM AND ORDER
FOREMAN, Chief Judge:
This matter is before the Court on a number of motions filed on behalf of defendants John Prior; I.S., Inc.; Ferrell Pri- or; and Prior Oil Well Drilling Company. The Court has reviewed these motions and the following represents its rulings.
1. Motions to Dismiss.
John Prior and I.S., Inc. have filed a Motion to Dismiss Count I of the Amended Complaint, which seeks private relief under § 17(a) of the 1933 Securities Act as amended, 15 U.S.C. § 77q. Defendants allege that Count I should be dismissed because § 17(a) does not afford a private cause of…
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