Ward v. Bullis

SANDSTROM, Justice.

[¶ 1] Ronald Ward, Ron Stensgard, and Duane Dumas (“plaintiffs”) appeal from a summary judgment dismissing their lawsuit against James Bullís for state securities law violations and fraud claims. The plaintiffs claim they suffered damages as a result of misrepresentations in connection with the sale of securities. We reverse the dismissal of the plaintiffs’ Securities Act claims because we conclude there is a genuine issue of material fact about whether Bullís is an agent and is liable for violations of the Securities Act, but affirm the dismissal of plaintiffs’ common law…