AGNEW v. FEDERAL DEPOSIT INS. CORP.

Nos. C 82-4452 SAW, C 82-4453 SAW and C 82-4501 SAW.

548 F.Supp. 1234 (1982)

Robert R. AGNEW, Grant Inman, Johnnie B. Muldrew, Gordon L. Tohm, Anthony J. Udjur, and Albert B. Iben, Plaintiffs, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver of Penn Square National Bank, N. A., Longhorn Developmental Program, an Oklahoma limited partnership, Longhorn 1981 Private Drilling Program, an Oklahoma limited partnership, Longhorn Oil and Gas Company, Incorporated, a Delaware corporation, Longhorn Gas Programs, Inc., an Oklahoma corporation, Bill Jennings, Bill Patterson, Carl Swan, Wells Fargo Bank, American National Bank, Union Bank, and Bank of America NT & SA, Defendants. Norman P. HINMAN, Roger M. Anderson, Charles R. Stout, William O. Meichtry, Harry M. Cornelsson, and Donald Mrachek, Plaintiffs, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver of Penn Square National Bank, N. A., Longhorn Developmental Program, an Oklahoma limited partnership, Longhorn 1981 Private Drilling Program, an Oklahoma limited partnership, Longhorn Oil and Gas Company, Incorporated, a Delaware corporation, Longhorn Gas Programs, Inc., an Oklahoma corporation, Bill Jennings, Bill Patterson, Carl Swan, Security Pacific Bank, and Bank of America NT & SA, Defendants. Arthur J. SHARTSIS; Mary Jo Shartsis and Victor Horwitz, Plaintiffs, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for Penn Square Bank, N. A.; Longhorn Developmental Program Ltd., an Oklahoma limited partnership; Longhorn Gas Programs, Inc., an Oklahoma corporation; Longhorn Oil & Gas Company, a Delaware corporation; Carl Swan; J.D. Allen; John D. Lang; the Bank of San Francisco and Union Bank, Defendants.

United States District Court, N. D. California.

October 15, 1982.


Attorney(s) appearing for the Case

Raymond N. Erlach, Hunt, Gram & Epstein, Shartsis, Friese & Ginsburg, Arthur J. Shartsis, Mary Jo Shartsis, Stewart H. Foreman, San Francisco, Cal., for plaintiffs.

David M. Furbush, Brobeck, Phleger & Harrison, Thedore Sachsman, Thomas H. Sloan, Jr., Bronson, Bronson & McKinnon, Broad, Khourie & Schulz, Robert R. Cross, San Francisco, Cal., for defendants.


FINDINGS, CONCLUSIONS AND ORDER DENYING MOTIONS FOR PRELIMINARY INJUNCTION

WEIGEL, District Judge.

Plaintiffs in these three related suits are investors in oil and gas exploration programs offered by defendant Longhorn Oil and Gas Company during 1980 and 1981. Three categories of defendants are named in the suits. The first consists of a number of corporations and individuals allegedly involved in the offering...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases