Edgar Robert Errion, Also Known as E. R. Errion and Bob Errion Amy Errion, Violet Kellerstraus, and C. W. Williamson v. Marguerite L. Connell

Appellee, Marguerite L. Connell, an eighty-year-old widow, brought this action in the district court for damages together with a prayer for the cancellation of certain instruments under section 10 (b), section 27 and section 29(b) of the Securities Exchange Act of 1934, as amended, and Rule X-10B-5 as promulgated by the Securities Exchange Commission. Named as party defendants were the appellants herein and others who were either dismissed from the case or who did not appeal.

The facts of the case: were vigorously disputed at,the trial. In order .to understand the case, we will here state it as the facts were found by the.trial court. Whether they find support in the evidence we shall presently discover.

Appellee, Marguerite Connell, was, in-r duced by Edgar Robert Errion, hereinafter referred to as Mr. Errion, to enter into a purchase and sale agreement wherein Mrs. Connell would sell and Mr. Errion would purchase securities and other property having a total value of $124,180.09. Mr. Errion was in turn to deed to Mrs. Connell 125 acres of tidelands in Coos Bay, Oregon, at the time of sale represented by Errion to Mrs. Connell to be worth $1200 per acre, or a total of…