Bane v. Sigmundr Exploration Corp.

W. EUGENE DAVIS, Circuit Judge:

Plaintiffs-Appellants appeal the summary judgment rendered in favor of defendant-appellee, Landmark Bank of Fort Worth (Landmark), after the district court dismissed the plaintiff-appellants’ suit charging that the bank aided and abetted others in violating the securities laws. Defendant-appellee cross-appeals the court’s denial of sanctions against the plaintiffs-appellants under Rule 11 of the Federal Rules of Civil Procedure. We affirm.

I

In 1985, plaintiffs-appellants sued George McLendon and George Davis, along with their eight related companies (principals),…