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SCHLIFKE v. SEAFIRST CORP.

No. 87-2898.

866 F.2d 935 (1989)

Bernard A. SCHLIFKE and Harvey Kallick, d/b/a K & S Investments Co., a partnership, Plaintiffs-Appellants, v. SEAFIRST CORP. and Seattle-First National Bank, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided January 19, 1989.

Attorney(s) appearing for the Case

Philip S. Nathanson, Nathanson & Wray, Chicago, Ill., for plaintiffs-appellants.

Bruce D. Lamka, Davis Wright & Jones, Seattle, Wash., for defendants-appellees.

Before CUDAHY, RIPPLE, and KANNE, Circuit Judges.

CUDAHY, Circuit Judge.

Plaintiffs-appellants Bernard A. Schlifke and Harvey Kallick commenced this securities fraud suit against several defendants, including Seattle-First National Bank,1 alleging that the defendants violated the federal securities laws in connection with the sale of limited partnership interests in an oil and gas exploration program.2 Plaintiffs advanced multiple theories of primary and secondary...

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