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John Doe v. HEI Resources, Inc.

Date: 08-04-2012

Case Number:

Judge:

Court: District Court, El Paso County, Colorado

Plaintiff's Attorney:

Defendant's Attorney: Andrew Shoemaker, Shoemaker Ghiselli & Schwartz, Boulder, Colorado and Donnie W. Wisenbaker, Bell Nunnally & Martin, Dallas, Texas

Description:
Plaintiff, a former venturer, claimed that HEI and company founder Charles Reed Cagle violated both Colorado and North Carolina securities laws by selling interests in oil and gas exploration programs without first registering them as securities.



HEI and Mr. Cagle denied wrongdoing and asserted that the joint venture interests sold by HEI were not and are not securities under either state's laws.



HEI Resources was incorporated in 1998 to review oil and gas drilling prospects upon which joint ventures it sponsored would engage in drilling, exploration and production activities.



Plaintiff's claims related to the Los Ojuelos #7 and Ilse Miller #1 Joint Ventures.





Outcome:
Defendants' verdict.
Plaintiff's Experts:
Defendant's Experts:
Comments:

About This Case

What was the outcome of John Doe v. HEI Resources, Inc.?

The outcome was: Defendants' verdict.

Which court heard John Doe v. HEI Resources, Inc.?

This case was heard in District Court, El Paso County, Colorado, CO.

Who were the attorneys in John Doe v. HEI Resources, Inc.?

Defendant's attorney: Andrew Shoemaker, Shoemaker Ghiselli & Schwartz, Boulder, Colorado and Donnie W. Wisenbaker, Bell Nunnally & Martin, Dallas, Texas.

When was John Doe v. HEI Resources, Inc. decided?

This case was decided on August 4, 2012.