STEPHENSON v. CALPINE CONIFERS II, LTD.

No. 78-3271.

652 F.2d 808 (1981)

Homer E. STEPHENSON and Freda Lois Stephenson, his wife, Plaintiffs-Appellants, v. CALPINE CONIFERS II, LTD., a Limited Partnership, et al., Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided July 27, 1981.


Attorney(s) appearing for the Case

James G. Luce, Diemer, Schneider, Foster and Luce, Palo Alto, Cal., for plaintiffs-appellants.

Thomas McInerney, P. Salter II, Haims, MacGowan & McInerney, Oakland, Cal., for defendants-appellees.

Before GOODWIN and PREGERSON, Circuit Judges, and NIELSEN, District Judge.


NIELSEN, District Judge:

I Facts.

This case arises out of Homer and Freda Stephenson's $20,000 investment in a California limited partnership, Calpine Conifers II (hereinafter Calpine II). The Stephensons were told about Calpine II by Ethel Jaquess, an investment counselor. Ms. Jaquess was the individual general partner in Calpine II until her death in April of 1976. Until shortly before she died, Ms. Jaquess was...

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