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YOUMANS v. SIMON

No. 85-2428.

791 F.2d 341 (1986)

C. Roger YOUMANS, Jr., M.D., and Leonard B. Tatar, Trustee, Plaintiffs-Appellants, v. Nick SIMON and Bidco, Inc., Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

Rehearing and Rehearing Denied July 17, 1986.

Attorney(s) appearing for the Case

Charles W. Getman, Robert N. Hinton, Alan N. Magenheim, Houston, Tex., for plaintiffs-appellants.

J. Eric Toher, Wright & Patton, William E. Wright, Houston, Tex., for Nick Simon.

Before WILLIAMS, GARWOOD and JONES, Circuit Judges.

Rehearing and Rehearing En Banc Denied July 17, 1986.

JERRE S. WILLIAMS, Circuit Judge:

Appellants C. Roger Youmans and Leonard B. Tatar entered into several real estate ventures with appellees Nick Simon and Bidco, Inc. These projects subsequently floundered resulting in large financial losses to the appellants. Youmans and Tatar sought to recover their losses from appellees in an action filed in federal district court. Youmans and Tatar alleged violations...

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