Heartland Investors Take $15M Fraud Suit To 6th Circ.

Law360, New York (July 26, 2011, 8:06 PM EDT) -- Investors in oil-and-gas interests sold by bankrupt oil and gas driller Heartland Resources Inc. said Tuesday they will appeal a decision tossing their $15 million fraud suit against a Heartland attorney to the Sixth Circuit.

Last month, U.S. District Judge Joseph McKinley Jr. ruled that Hunter Durham of Durham & Zornes, who authored who prepared private placement memoranda used in a boiler room-like securities sale scheme that Heartland allegedly ran, could not be held liable for fraud. Durham's lawyering work was far removed from the type...
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