ITO INTERN. CORP. v. PRESCOTT, INC.

No. 37803-1-I.

921 P.2d 566 (1996)

83 Wash.App. 282

ITO INTERNATIONAL CORP., a Washington corporation; Kazuo and Kimiko Ito, husband and wife; Tomoyuki Katayama; Itsuko Kaneko; Hideko Kaneko; Kaneko Tokiwa, Inc., a Japanese corporation; Fumi Kawashima; Ft Limited Company, a Japanese corporation; Kazuo Koh; Tsuneo Sato; Hisataka Shimizu; Michio Shimura; Toshiko Sugai; Akira Tanabe; Kamaya Company, Ltd., a Japanese corporation; Eikichi Tanabe; Hideo Nakamura; Hiromi Matsuno; Iwao Miyamoto: Hisayoshi Yazaki; Hiroaki Watanabe; and Inter Co-Op USA No. 1, a Japanese partnership, Appellants, v. PRESCOTT, INC., a Washington corporation; Richard C. Clotfelter and Jan C. Clotfelter, a marital community; Gary J. Carpenter and Christin A. Carpenter, a marital community; Steven P. Quaiver and Jane Doe Quaiver, a marital community; Michael Peterson and Jane Doe Peterson, a marital community; Alan Peterson and Joan Roe Peterson, a marital community; American Property Consultants, Ltd., a Japanese corporation; Defendants, Yutaka Narita, a Japanese national; Keiji Teruya, a Japanese national; Sachio Suginuma, a Japanese national; SaYYou Corp., a Japanese corporation, f/k/a Inter-Realty Planning Co., Ltd.; Respondents, Ferguson & Burdell, a dissolved law partnership; Bruce P. Babbitt and Jane Doe Babbitt, a marital community; Henry W. Dean and Jane Doe Dean, a marital community; Dennis J. Dunphy and Jane Doe Dunphy, a marital community; W.J. Thomas Ferguson and Jane Doe Ferguson, a marital community; Thomas J. Greenan and Jane Doe Greenan, a marital community; Edward T. Hilpert, Jr. and Jane Doe Hilpert, a marital community; James E. Hurt and Jane Doe Hurt, a marital community; Henry C. Jameson and Jane Doe Jameson, a marital community; Christopher Kane and Jane Doe Kane, a marital community; Anne Devoe Lawler and John Doe Lawler, a marital community; David N. Lombard and Jane Doe Lombard, a marital community; David R. Lord and Jane Doe Lord, a marital community; Michael McCormack and Jane Doe McCormack, a marital community; Phillip S. Miller and Jane Doe Miller, a marital community; William B. Moore and Jane Doe Moore, a marital community; Scott Osborne and Jane Doe Osborne, a marital community; Shawn Otorowski and John Doe Otorowski, a marital community; Gregory S. Petrie and Jane Doe Petrie, a marital community; Edward P. Swain, Jr., and Jane Doe Swain, a marital community; William Wesselhoeft and Jane Doe Wesselhoeft, a marital community; William D. Stites and Jane Doe Stites; a marital community; and Andrew L. Symons and Jane Doe Symons, a marital community, Defendants.

Court of Appeals of Washington, Division 1.

Reconsideration Denied November 4, 1996.


Attorney(s) appearing for the Case

William R. Spurr, Seattle, and F. Frederic Fouad, New York City (of counsel), for Appellants.

Martin T. Crowder, Karr Tuttle Campbell, P.S., Seattle, John P. Erlick, Cozen & O'Connor, Seattle, Michael Himes, Perkins Coie, Seattle, for Respondents.


COLEMAN, Judge.

Plaintiffs, a group of investors in a general partnership, ask this court to decide whether their investments are securities as a matter of law under the Washington State Securities Act. Plaintiffs claim that the court erred in granting defendants partial summary judgment on this issue because plaintiffs' passivity in the partnership renders them subject to the WSSA's protections. We agree and reverse.

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