Nos. 87-2106, 87-2128 and 87-2278.

857 F.2d 646 (1988)

Phillip D. ROBERTS; Lynn Roberts; Denny Delk; Karen Delk; William J. Freschi, on behalf of themselves and all others similarly situated, Plaintiffs/Appellants/Cross-Appellees, v. PEAT, MARWICK, MITCHELL & CO., Defendant/Appellee/Cross-Appellant, and Houston Harbaugh, P.C., Defendant/Appellee.

United States Court of Appeals, Ninth Circuit.

Decided September 19, 1988.

Attorney(s) appearing for the Case

Solomon B. Cera, David B. Gold, P.C., San Francisco, Cal., for plaintiffs/appellants/cross-appellees.

Richard N. Patterson, McCutchen, Doyle, Brown & Enersen, San Francisco, Cal., for defendant/appellee/cross-appellant.

James J. Corbelli, Lillick, McHose & Charles, San Francisco, Cal., for defendant/appellee.

Before SCHROEDER and BOOCHEVER, Circuit Judges, and STEPHENS, District Judge.



Plaintiffs are a class of investors who purchased interests in limited partnerships offered by an array of individuals and corporate entities. Defendants are accountants and attorneys who provided professional services to the partnerships. When the value of the partnerships failed to materialize, the investors brought suit under federal and state securities laws. The district court granted summary...

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