Brown v. Lair

COUNTISS, Justice.

This is a Texas Securities Act case,1 by which a group of disappointed investors seek recovery of money invested in several unprofitable oil and gas wells. Appellants Weymon Brown, Bill A. Dodgin, Richard Pruett, James T. Thompson, Mildred Cannon and Richardson Investments (“the investors”) sued appellees The Lair Co., Inc., (“Lair Co.”) and its president, A.W. Lair, on numerous common law and statutory theories, centered around fraud and United States and Texas securities law violations. Appealing from a generally adverse jury verdict, the investors advance twenty-three…