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SIOUX LTD. SECURITIES LIT. v. COOPERS & LYBRAND

Nos. 87-6167, 88-6195.

901 F.2d 51 (1990)

In re SIOUX, LTD., SECURITIES LITIGATION, Plaintiff-Appellee, v. COOPERS & LYBRAND, Defendant-Appellant. FIRST SMALL BUSINESS INVESTMENT COMPANY OF CALIFORNIA, et al., Plaintiffs-Appellees, v. BUTLER, BINION, RICE & KNAPP, et al., Defendants, Coopers & Lybrand, Defendant-Appellant. REPUBLIC VENTURE GROUP, INC., Plaintiff-Appellee, v. BUTLER, BINION, RICE & KNAPP, et al., Defendants, Coopers & Lybrand, Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

May 9, 1990.

Attorney(s) appearing for the Case

Allister M. Waldrop, Baker & Botts, Houston, Tex., Philip A. Lacovara, Hughes, Hubbard & Reed, Jay Kelly Wright, Arnold & Porter, Washington, D.C., for defendant-appellant in No. 87-6167.

Andrew C. Hall, Miami, Fla., for plaintiff-appellee in No. 87-6167.

Jay Kelly Wright, Arnold & Porter, Washington, D.C., Allister M. Waldrop, Baker & Botts, Houston, Tex., Joseph A. Clark, III, Associate General Cnsl., Coopers & Lybrand, New York City, for defendant-appellant.

Andrew C. Hall, Richard F. O'Brien, III, Miami, Fla., for plaintiff-appellee.

Before GEE, GARZA and DAVIS, Circuit Judges.

GEE, Circuit Judge:

Coopers & Lybrand is one of several defendants sued by four venture capital organizations on theories of federal and state securities law violations, common law fraud, and negligent misrepresentation. All defendants except Coopers & Lybrand settled their claims. Coopers & Lybrand went to trial and now appeals to us on several grounds. One of these disposes of the litigation: The plaintiffs'...

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