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KRAMAS v. SECURITY GAS & OIL INC.

Nos. 78-3301, 78-3451.

672 F.2d 766 (1982)

Joseph KRAMAS, Plaintiff-Appellee, v. SECURITY GAS & OIL INC., a California Corporation, Defendant-Appellant. Joseph KRAMAS, Plaintiff-Appellant, v. SECURITY GAS & OIL INC., a California Corporation, Defendant-Appellee.

United States Court of Appeals, Ninth Circuit.

Decided March 26, 1982.

Attorney(s) appearing for the Case

John J. Mullane, Jr., and Robert G. Knechtel, San Francisco, Cal., for defendant-appellant.

Charles F. Brega, Roath & Brega, Denver, Colo., for plaintiff-appellee.

Before BROWNING, Chief Judge, KENNEDY, Circuit Judge, and HOFFMAN, District Judge.

BROWNING, Chief Judge:

Joseph Kramas purchased limited partnership interests in three oil and gas drilling projects in which Security Gas & Oil, Inc. (SEGO) was the general partner. Raymond Miller and Emanuel Rappoport were officers of SEGO and James Barrons was Kramas' stockbroker. Kramas purchased the partnership interests after reading prospectuses prepared by SEGO and after conversations with Miller and Barrons. The wells drilled by SEGO produced little, and...

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