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F.D.I.C. v. LETTERMAN BROS.

Nos. 91-15131, 91-15263 and 91-15601.

980 F.2d 1298 (1992)

FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for BancTexas Dallas, N.A., Defendant-Appellant-Cross-Appellee, v. LETTERMAN BROTHERS, Defendants-Appellants, v. Stephen R. DeSENA, et al., Plaintiffs-Appellees-Cross-Appellants.

United States Court of Appeals, Ninth Circuit.

Decided December 8, 1992.

Attorney(s) appearing for the Case

Diane Gibson, Graham & James, San Francisco, Cal., for plaintiffs-appellees-cross-appellants De Sena.

Bryce L. Letterman, pro se.

David W. Slaby, Fenwick & West, Palo Alto, Cal., for defendant-appellant-cross-appellee FDIC as receiver, for BancTexas.

Before: FEINBERG, GOODWIN, and SCHROEDER, Circuit Judges.

SCHROEDER, Circuit Judge:

This litigation comes to us in a very unusual posture. Plaintiffs Stephen R. DeSena and other investors in oil and gas limited partnerships brought this action in the Superior Court for the State of California. They alleged a series of fraud and securities violations against defendants BancTexas Dallas ("BTD"), which helped to finance the oil and gas ventures, and Letterman Brothers, a general partnership responsible for bringing together...

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