ROMANI v. SHEARSON LEHMAN HUTTON

No. 90-2101.

929 F.2d 875 (1991)

Richard ROMANI, Plaintiff, Appellant, v. SHEARSON LEHMAN HUTTON, et al., Defendants, Appellees.

United States Court of Appeals, First Circuit.

Decided April 8, 1991.


Attorney(s) appearing for the Case

Edward Manchur with whom David Pastor, Kenneth Gilman, and Gilman and Pastor were on brief, for plaintiff, appellant.

John J. Kenney with whom Jay S. Handlin, Simpson Thacher & Bartlett, Gerald F. Rath, and Bingham Dana & Gould were on brief, for defendants, appellees, Shearson Lehman Hutton, Inc., Shearson Lehman Bros. Partnership Services, Inc. and Lana Lobell Income Partners II.

Richard M. Goldstein, with whom Shea & Gould, Mark A. Michelson, Sarah Chapin Columbia and Choate, Hall & Stewart, were on brief, for Touche Ross & Co.

Before CAMPBELL and CYR, Circuit Judges, and COFFIN, Senior Circuit Judge.


COFFIN, Senior Circuit Judge.

Appellant Richard Romani brought this securities fraud action on behalf of himself and a class of persons consisting of all similarly situated investors in a horsebreeding limited partnership. Romani alleged that the defendants — varied individuals and entities responsible for the partnership's public offering — fraudulently induced investments through misrepresentations and omissions in the offering materials that falsely...

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