APOLLO CAPITAL FUND, LLC v. ROTH CAPITAL PARTNERS, LLC

No. B182089.

70 Cal.Rptr.3d 199 (2007)

158 Cal.App.4th 226

APOLLO CAPITAL FUND, LLC et al., Plaintiffs and Appellants, v. ROTH CAPITAL PARTNERS, LLC, Defendant and Respondent.

Court of Appeal of California, Second District, Division Eight.

December 20, 2007.


Attorney(s) appearing for the Case

The Rosen Law Firm and Laurence Rosen; and Law Office of Brian Barry and Brian Barry, Los Angeles, for Plaintiffs and Appellants Scott L. Zimmerman; Delta Capital Partners; Spiga Ltd.; Target Growth Fund, Ltd.; Next Level Capital Investments, Inc.; Shawn Sadeghat; Norman Tulchin; and Milton and Rosemary Okun.

The Dressier Law Group and Thomas W. Dressier, Los Angeles, for Plaintiffs and Appellants Apollo Capital Fund, LLC and Mernoush Mahjobi.

Morgan Lewis & Bockius, Paul A. Richler and David S. Cox, Los Angeles, for Defendant and Respondent Roth Capital Partners, LLC.


SUMMARY

RUBIN, J.

When their investments in an internet services company's bridge notes became worthless, the plaintiffs in this suit for corporate securities fraud, common law fraud and related claims sued the broker-dealer who was "the placement agent for the bridge note offering. The investors asserted numerous causes of action arising from the transaction, two of them based on failure to register or qualify the securities under federal and state law...

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