Legal Opinion
Kramas v. Security Gas & Oil Inc.
Court of Appeals for the Ninth Circuit
Decided March 26, 1982No. Nos. 78-3301, 78-3451PublishedCited by 69 opinions
1Opinion of the Court
BROWNING, Chief Judge:
Joseph Kramas purchased limited partnership interests in three oil and gas drilling projects in which Security Gas & Oil, Inc. (SEGO) was the general partner. Raymond Miller and Emanuel Rappoport were officers of SEGO and James Barrons was Kramas’ stockbroker. Kramas purchased the partnership interests after reading prospectuses prepared by SEGO and after conversations with Miller and Barrons. The wells drilled by SEGO produced little, and Kramas lost most of his investment.
Kramas’ complaint alleged that SEGO and the individual defendants violated various sections of the…
2Cases cited27 opinions
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
- Aaron v. Securities & Exchange CommissionSupreme Court of the United States · 1980
- Fed. Sec. L. Rep. P 93,959 Frank Lanza, Jr. v. Drexel & Co., Theodore J. Kircher and Christie F. VitoloCourt of Appeals for the Second Circuit · 1973
- Huddleston v. Herman & MacLeanCourt of Appeals for the Fifth Circuit · 1981
22 more not listed; retrieve them via the Exa API.
3Cited by69 opinions
- Volk v. D.A. Davidson & Co.Court of Appeals for the Ninth Circuit · 1987
- UNITED STATES of America, Plaintiff-Appellee, v. James E. KESSI, Defendant-AppellantCourt of Appeals for the Ninth Circuit · 1989
- Burgess v. Premier Corp.Court of Appeals for the Ninth Circuit · 1984
- Binder v. GillespieCourt of Appeals for the Ninth Circuit · 1999
- Coursen v. A.H. Robins Co.Court of Appeals for the Ninth Circuit · 1985
64 more not listed; retrieve them via the Exa API.