Securities
Fraud
Richman Bay v. Roger A. Featherston Sr., Roger A. Featherston Jr.
Published: Jan. 9, 2010 | Result Date: Sep. 1, 2009 | Filing Date: Jan. 1, 1900 |Case number: SC097214 Bench Decision – $3,150,680
Facts
Plaintiff Richman Bry, an investor, sued real estate developers, defendants Roger A. Featherston Sr. and Roger T. Featherston Jr., alleging that they offered and sold unqualified securities in relation to their real estate venture in violation of California Corporations Code Section 25503.
Damages
Bry requested a rescission of the securities sale, along with $2,500,000 and prejudgment interest.
Result
The court granted the Bry summary judgment and awarded him damages.
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