Court of Appeals for the First Circuit May 16, 1975, 74-1441 (Fed. Sec. L. Rep. P 95,095 Ramon D. Pratt v. First California Company, Incorporated)

BREITENSTEIN, Circuit Judge.

In this action under the Securities Exchange Act of 1934, 15 U.S.C. § 78a et seq., the trial court held that venue lay in the District of Utah. We allowed an interlocutory appeal under 28 U.S.C. § 1292(b) and reverse.

Plaintiff-appellee Pratt met defendant-appellant Congleton in California and discussed with him the sale of stock in a company known as Newport.