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AKIN v. Q-L INVESTMENTS, INC.

No. 89-1643.

959 F.2d 521 (1992)

W.O. AKIN, et al., Plaintiffs-Appellants, v. Q-L INVESTMENTS, INC., etc., et al., Defendants, Laventhol & Horwath, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

April 15, 1992.

Attorney(s) appearing for the Case

Samuel L. Boyd, Boyd & Adams, Wayne Swift, Dallas, Tex., for plaintiffs-appellants.

Eric R. Cromartie, John J. Little, David H. Roberts, Hughes & Luce, Dallas, Tex., for defendant-appellee.

Before KING, JOHNSON, and HIGGINBOTHAM, Circuit Judges.

PATRICK E. HIGGINBOTHAM, Circuit Judge:

This is a suit alleging violations of state and federal securities laws and RICO by accountants who audited financial statements included in private placement memoranda. Plaintiffs appeal a summary judgment and a sanction. We reverse.

I.

Plaintiffs are 127 investors who invested in a number of tax-oriented limited partnerships syndicated between 1973 and 1985 by a group of companies known as the Quinn-L group...

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