TEAGUE v. BAKKER

Nos. 91-2101, 91-2120 to 91-2122.

35 F.3d 978 (1994)

Joseph W. TEAGUE; Helen B. Teague; Steven Allen Barker; Rita Strahowski; Swannee Beck; Karen Perez Tucker, Lifetime Partners of PTL, as representatives of a nationwide class consisting of 150,000 PTL Lifetime Partners, Plaintiffs-Appellants, v. James O. BAKKER; David A. Taggart; Aimee Cortese; Deloitte, Haskins & Sells, Defendants-Appellees, and Roe Messner, a/k/a Ronald Messner; Messner Enterprises; Commercial Builders of Kansas, Inc.; Laventhol & Horwath; William J. Spears, Defendants. North Carolina Securities Commission, Amicus Curiae. Joseph W. TEAGUE; Helen B. Teague; Steven Allen Barker; Rita Strahowski; Swannee Beck; Karen Perez Tucker, Lifetime Partners of PTL, as representatives of a nationwide class consisting of 150,000 PTL Lifetime Partners, Plaintiffs-Appellees, v. David A. TAGGART, Defendant-Appellant, and James O. Bakker; Aimee Cortese; Roe Messner, a/k/a Ronald Messner; Messner Enterprises; Commercial Builders of Kansas, Inc.; Laventhol & Horwath; William J. Spears; Deloitte, Haskins & Sells, Defendants. North Carolina Securities Commission, Amicus Curiae. Joseph W. TEAGUE; Helen B. Teague; Steven Allen Barker; Rita Strahowski; Swannee Beck; Karen Perez Tucker, Lifetime Partners of PTL, as representatives of a nationwide class consisting of 150,000 PTL Lifetime Partners, Plaintiffs-Appellees, v. DELOITTE, HASKINS & SELLS, Defendant-Appellant, and James O. Bakker; David A. Taggart; Aimee Cortese; Roe Messner, a/k/a Ronald Messner; Messner Enterprises; Commercial Builders of Kansas, Inc.; Laventhol & Horwath; William J. Spears, Defendants. North Carolina Securities Commission, Amicus Curiae. Joseph W. TEAGUE; Helen B. Teague; Steven Allen Barker; Rita Strahowski; Swannee Beck; Karen Perez Tucker, Lifetime Partners of PTL, as representatives of a nationwide class consisting of 150,000 PTL Lifetime Partners, Plaintiffs-Appellees, v. JAMES O. BAKKER, Defendant-Appellant, and David A. Taggart; Aimee Cortese; Roe Messner, a/k/a Ronald Messner; Messner Enterprises; Commercial Builders of Kansas, Inc.; Laventhol & Horwath; William J. Spears; Deloitte, Haskins & Sells, Defendants. North Carolina Securities Commission, Amicus Curiae.

United States Court of Appeals, Fourth Circuit.

Decided September 23, 1994.


Attorney(s) appearing for the Case

ARGUED: Wendell R. Bird, Bird & Associates, Atlanta, GA, for appellants. James T. Williams, Jr., Brooks, Pierce, McLendon, Humphrey & Leonard, Greensboro, NC, Michael Eli Quiat, Uscher, Quiat, Uscher & Strull, Hackensack, NJ, Ben Cotten, Cotten & Selfon, Washington, DC, for appellees. ON BRIEF: David J. Myers, Bird & Associates, Atlanta, GA, Thomas T. Anderson, Samuel F. Trussell, Thomas T. Anderson & Associates, Indio, CA, Jonathan F. Wallas, Ferguson, Stein, Watt, Wallas, Adkins & Gresham, Charlotte, NC, for appellants. Robert A. Singer, Jim W. Phillips, Jr., Brooks, Pierce, McLendon, Humphrey & Leonard, Greensboro, NC, for appellee Deloitte, Haskins & Sells; Daniel Schumack, Cotten & Selfon, Washington, DC, for appellee Taggart; Nelson M. Casstevens, Jr., Casstevens, Hanner, Gunter & Gordon, P.A., Charlotte, NC, for appellee Cortese; James H. Toms, Hendersonville, NC, for appellee Bakker.

Before RUSSELL and HALL, Circuit Judges, and CLARKE, Senior United States District Judge for the Eastern District of Virginia, sitting by designation.


Affirmed in part and reversed and remanded in part by published opinion. Judge DONALD RUSSELL wrote the opinion, in which Judge K.K. HALL and Senior Judge CLARKE joined.

OPINION

DONALD RUSSELL, Circuit Judge:

The plaintiffs, members of a class of approximately 160,000 individuals who purchased "Lifetime Partnerships" from an entity known as "PTL" entitling them to a short stay annually in a hotel at a vacation retreat constructed by PTL, brought...

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