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LIGON v. DELOITTE, HASKINS & SELLS

No. 91-1687.

957 F.2d 546 (1992)

Ed LIGON, Charles Robertson, Richard Toll, Herb Jones, Kenneth R. Meacham, Joe B. Colclasure, Daryl E. Coker, James A. Bottin, James T. Phelan, George Morledge, III, William F. Hayden, Donald A. Ashcraft, Samuel B. Bracy, Earl Peeples, Appellants, v. DELOITTE, HASKINS & SELLS, Appellee, Shari Robertson, Jones Brothers Datsun-Isuzu, Inc., d/b/a Jones Toyota Volvo, d/b/a Jones Brothers Nissan and Toyota of Little Rock, Inc., Appellants, Deloitte & Touche, Successor to Deloitte, Haskins & Sells, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided February 21, 1992.

Attorney(s) appearing for the Case

Clark Wharton Mason, Little Rock, Ark., argued (Gary P. Barket, on brief), for appellants.

A. Gene Williams, Little Rock, Ark., argued (Overton S. Anderson, on brief), for appellee.

Before BOWMAN, Circuit Judge, HENLEY, Senior Circuit Judge, and BEAM, Circuit Judge.

BEAM, Circuit Judge.

Ed Ligon and thirteen others ("Limited Partners"), limited partners in the Turtle Creek Apartments Limited Partnership, sued Deloitte, Haskins & Sells,1 an accounting firm, alleging that it aided and abetted a violation of section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934. 15 U.S.C. § 78j(b) (1988); 17 C.F.R. § 240.10b-5 (1991). After a trial, the jury returned a verdict in favor of...

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