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ABBOTT v. EQUITY GROUP, INC.

No. 92-3376.

2 F.3d 613 (1993)

Walter R. ABBOTT, M.D., et al., Plaintiffs-Appellants, and Mrs. E. Elizabeth Turnbull and Louis R. Koerner, Plaintiffs-Appellants, v. The EQUITY GROUP, INC., et al., Defendants, The Home Insurance Company and the Graham Company, Defendants-Appellees. In re Ronald C. ELLINGTON, et al., Debtors. Mrs. E. Elizabeth Turnbull and Louis R. Koerner, Claimants-Appellants.

United States Court of Appeals, Fifth Circuit.

Rehearing and Suggestion for Rehearing Denied November 12, 1993.

Attorney(s) appearing for the Case

Neal D. Hobson, Jean M. Stallard, Milling, Benson, Woodard, Hillyer, Pierson & Miller, New Orleans, LA, for Mrs. E. Elizabeth Turnbull and Sibley & Parish.

Louis R. Koerner, Jr., New Orleans, LA, for Koerner.

Charles Thensted, Skye McLeod, Gelpi, Sullivan, Carroll & Gibbens, New Orleans, LA, for Abbott, et al.

Steven Jacobson, Charles C. Coffee, Simon, Peragine, Smith & Redfearn, New Orleans, LA, for Home Ins. Co.

J. Walter Ward, Jr., Daniel A. Rees, Christovich & Kearney, New Orleans, LA, for Graham Co.

Before REAVLEY, DUHÉ, and BARKSDALE, Circuit Judges.

Rehearing and Suggestion for Rehearing En Banc Denied November 12, 1993.

BARKSDALE, Circuit Judge:

This appeal from a summary judgment turns for the most part on the reach of the federal securities laws for entities that are not the primary parties for securities violations, and on the relief vel non to be accorded parties who, subsequent to entry of judgment, raise a new theory of liability. Investors in Courtside Ltd., a Louisiana partnership formed...

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