McCONNELL v. SURAK

No. 84-2885.

774 F.2d 746 (1985)

Alfred G. McCONNELL and Alexander H. McConnell, d/b/a Odessa Petroleum Development, Plaintiffs-Appellees, v. Michael SURAK and Randall Lane, d/b/a S & L Oil Company, Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided September 30, 1985.


Attorney(s) appearing for the Case

Jon R. Pactor, Indianapolis, Ind., for defendants-appellants.

James F. Gebhart, Chapman & Cutler, Chicago, Ill., for plaintiffs-appellees.

Before FLAUM and EASTERBROOK, Circuit Judges, and WEIGEL, Senior District Judge.


FLAUM, Circuit Judge.

This appeal stems from a diversity action filed by the plaintiffs, an Illinois partnership and its partners, against the defendant, an Indiana partnership and its partners, to rescind the plaintiffs' purchase of certain oil securities from the defendants. The plaintiffs claimed damages under both federal and state securities laws. The district court, 593 F.Supp. 1096

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