RENOVITCH v. KAUFMAN

No. 89-2478.

905 F.2d 1040 (1990)

Paul RENOVITCH, Barbara Renovitch, Donald K. Johnson, Lawrence Wise, and the Willard E. Schafer Trust by Mrs. Esther Schafer, trustee, on behalf of themselves and all purchasers of securities issued by Intercontinental Cattle Corporation or Great Western Leasing Company and sold by Stewardship Concepts Incorporated, Plaintiffs-Appellants, v. Jay C. KAUFMAN and James Bussard, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided June 20, 1990.


Attorney(s) appearing for the Case

James E. Beckley, Christopher J. Barber, Marsha A. Tolchin, Adler, Kaplan & Begy, Chicago, Ill., for plaintiffs-appellants.

Jerome H. Torshen, Mark K. Schoenfield, James K. Genden, Torshen, Schoenfield & Spreyer, Chicago, Ill., for defendant-appellee Jay Kaufman, a Mich. resident.

David J. Parsons, Jill A. Pieper, Wildman, Harrold, Allen & Dixon, Chicago, Ill., for defendant-appellee, James Bussard, a Mich. resident.

Before FLAUM and KANNE, Circuit Judges, and NOLAND, Senior District Judge.


NOLAND, Senior District Judge.

The plaintiffs, a class of dissatisfied investors, brought this securities fraud suit against numerous individual and corporate defendants, including two attorneys, Jay C. Kaufman and James Bussard. Plaintiffs sought to hold defendants Kaufman and Bussard liable for, inter alia, "aiding and abetting" a violation of Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), and the Securities and Exchange Commission...

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