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BAILEY v. J.W.K. PROPERTIES, INC.

No. 89-2318.

904 F.2d 918 (1990)

William W. BAILEY; Tom Curtis; Wendell W. Wood, Plaintiffs-Appellants, and David D. Marshall; Michael A. Cates, Plaintiffs, v. J.W.K. PROPERTIES, INC., t/a Albemarle Farms, John W. Kluge, Defendants-Appellees.

United States Court of Appeals, Fourth Circuit.

Decided June 6, 1990.

Attorney(s) appearing for the Case

James Robertson, (argued) and Mindy H. Recht, Wilmer, Cutler & Pickering, Washington, D.C. and D. Michael Atkins, McClure, Callaghan, Carter & Atkins (on brief), Charlottesville, Va., for appellants.

Melvin Earl Gibson, Jr., (argued) and John K. Taggart, III (on brief), Smith, Taggart, Gibson & Albro, Charlottesville, Va., for appellees.

Before HALL and CHAPMAN, Circuit Judges, and WINTER, Senior Circuit Judge.

PER CURIAM:

William Bailey, Tom Curtis, and Wendell Wood ("the plaintiffs") purchased interests in a cattle breeding program set up in 1985 by the defendant John Kluge through J.W.K. Properties, Inc., trading as Albemarle Farms.1 After the program collapsed, the plaintiffs instituted this action asserting both federal claims, under federal securities laws, and pendent state law claims. The district court found that the interests purchased...

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