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CASELLA v. WEBB

No. 87-6234.

883 F.2d 805 (1989)

John CASELLA; Joan Casella, Plaintiffs-Appellants, v. William WEBB; Private Ledger, Anita Chalmers dba Private Ledger Financial Services, Defendants, and Anita Chalmers, aka Anita Webb, Defendant-Appellee.

United States Court of Appeals, Ninth Circuit.

Decided August 25, 1989.

Attorney(s) appearing for the Case

Michael N. Stafford, Henry Yekikian, O'Rourke, Stafford & Allan, Glendale, Cal., for plaintiffs-appellants.

Brian Ray Hodge, Jett & Laquer, Pasadena, Cal., for defendants-appellees.

Before BROWNING, NELSON and CANBY, Circuit Judges.

JAMES R. BROWNING, Circuit Judge:

John and Joan Casella appeal the district court's summary judgment for Anita Chalmers in an action alleging Chalmers' material misrepresentations induced them to purchase interests in a limited partnership, in violation of section 12(2) of the 1933 Securities Act, 15 U.S.C. § 77l (2), and of the common law prohibition against fraud.

I.

The Casellas bought shares in a real estate limited partnership known...

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