Legal Opinion

Blue Sky L. Rep. P 72,084 Austin Hayden, James Hartzell, Lee Greenslit, Frank Johnson, Dwain Kasel, James Nordlie, James Maki, Michael H. Bitterman, Donald C. Severtson, Jeanne Stewart and Vernon D. Kotula v. Orison F. McDonald Individually, Orison F. "Mack" McDonald Ii, Individually, D/B/A Ole Chaparral and McDonald Investments, Inc., a Texas Corporation, Austin Hayden, James Hartzell, Lee Greenslit, Frank Johnson, Dwain Kasel, James Nordlie, James Maki, Michael H. Bitterman, Donald C. Severtson, Jeanne Stewart, Vernon D. Kotula, Donn Barber, Bernie Beaver, Lyle Bing, James Brown, L.T. Demeules, John Emmer, Don Erickson, Patrick Farley, Dennis Frandsen, Robert A. Godfrey, Karl Gramith, Howard Gruhlke, Cecil Herring, Lee Heutmaker, Vernice Heutmaker, Earl Heyerdahl, Sheldon Hoffman, Jim Hoversten, Delbert Kelzer, Robert Kepple, George Krienke, James Loosen, John McCormick James McKevitt Carol Mozzetti, James Munn, E.J. Pacheco, William Phelps, David Remes, James Reissner, Terry Ripley, Arnold Smith, D.P. Tschimperle, Gust Zahariades and Donald Zibell v. Orison F. McDonald Individually, Orison F. "Mack" McDonald Ii, Individually, D/B/A Ole Chaparral, and McDonald Investments, Inc., a Texas Corporation, John W. Adler, Sally F. Adler, Carol Adler Zsolnay, Diane L. Adler, Lisa M. Adler, Leslie O. Frishman, Dean L. Greenberg, Henry Hanson, Harold L. Rutchick and Howard D. Stacker v. Orison F. McDonald Individually, Orison F. "Mack" McDonald Ii, Individually, D/B/A Ole Chaparral and McDonald Investments, Inc., a Texas Corporation, Harold L. Rutchick v. Orison McDonald Ii, Also Known as Mack McDonald Individually, and D/B/A Ole Chaparral and McDonald Investments, Inc., a Texas Corporation

Court of Appeals for the Eighth Circuit

Decided August 28, 1984No. 84-5003Published

1Opinion of the Court

742 F.2d 423

Blue Sky L. Rep. P 72,084

Austin HAYDEN, James Hartzell, Lee Greenslit, Frank Johnson,

Dwain Kasel, James Nordlie, James Maki, Michael H.

Bitterman, Donald C. Severtson, Jeanne

Stewart and Vernon D. Kotula, Appellees,

v.

Orison F. McDONALD, individually, Orison F. "Mack" McDonald,

II, individually, d/b/a Ole Chaparral and McDonald

Investments, Inc., a Texas corporation,

Appellants.

Austin HAYDEN, James Hartzell, Lee Greenslit, Frank Johnson,

Dwain Kasel, James Nordlie, James Maki, Michael H.

Bitterman, Donald C. Severtson, Jeanne Stewart, Vernon D.

Kotula, Donn Barber, Bernie Beaver, Lyle…

Also in this document: Concurrence.

2Cases cited37 opinions

  1. Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
  2. Securities & Exchange Commission v. C. M. Joiner Leasing Corp.Supreme Court of the United States · 1943
  3. Norfolk & Western Railway Co. v. LiepeltSupreme Court of the United States · 1980
  4. Fed. Sec. L. Rep. P 97,588 Securities and Exchange Commission v. Stephen MurphyCourt of Appeals for the Ninth Circuit · 1980
  5. Buller v. BuechlerCourt of Appeals for the Eighth Circuit · 1983

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