Fed. Sec. L. Rep. P 98,777, 11 Fed. R. Evid. Serv. 781 Chemetron Corporation, Cross-Appellant v. Business Funds, Inc., Cross-Appellees
Court of Appeals for the Fifth Circuit
1Opinion of the Court
GEE, Circuit Judge:
I. INTRODUCTION
We review the latest act in the long-running drama of the Western Equities, Inc. (“Westec”) stock scandal. The characters include defendants-appellants, cross-appel-lees Business Funds, Inc. (“BFI”), a small business investment company, John Austin (“Austin”), chairman of BFI, and David Bintliff (“Bintliff”), a businessman and investor. The final character is plaintiff-ap-pellee, cross-appellant Chemetron Corporation (“Chemetron”). The defendants appeal from a judgment of $18,413,160 in actual and exemplary damages for violations of the federal and Texas…
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