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KLAERS v. ST. PETER

No. 90-5321.

942 F.2d 535 (1991)

Daniel KLAERS, Robert Andersen, Appellants, v. Peter ST. PETER, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided August 22, 1991.

Attorney(s) appearing for the Case

Randall L. Seaver, Minneapolis, Minn., for appellants.

Mary E. Steenson, Minneapolis, Minn., for appellee.

Before MAGILL, BEAM and LOKEN, Circuit Judges.

LOKEN, Circuit Judge.

Plaintiffs Daniel Klaers and Robert Andersen, who were non-managing general partners in an unsuccessful real estate partnership, appeal the district court's1 judgment dismissing their securities fraud action against Peter St. Peter for his alleged non-disclosures while serving as attorney and accountant for the partnership. The district court rejected plaintiffs' claim that a restructuring of the partnership and their...

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