Legal Opinion
Bresson v. Thomson McKinnon Securities, Inc.
District Court, S.D. New York
Decided July 22, 1986No. 85 Civ. 1179 (GLG)PublishedCited by 48 opinions
1Opinion of the Court
OPINION
GOETTEL, District Judge:
This is one of at least six class action suits now pending in the federal district courts against brokerage firms that sold limited partnership interests in the oil and gas income funds of the Petro-Lewis Corporation (“Petro-Lewis”).
From 1970 to 1983, Petro-Lewis was the nation’s largest seller of oil and gas income funds. Petro-Lewis acquired oil and gas properties, which it packaged and sold as limited partnerships. It managed the partnerships as general partner. In toto, Petro-Lewis sold in excess of $3 billion of partnership interests.
When the value of the…
2Cases cited57 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Zahn v. International Paper Co.Supreme Court of the United States · 1973
- Goldman v. BeldenCourt of Appeals for the Second Circuit · 1985
- Horton v. Liberty Mutual InsuranceSupreme Court of the United States · 1961
- Fed. Sec. L. Rep. P 98,697 John P. Decker v. Massey-Ferguson, LimitedCourt of Appeals for the Second Circuit · 1982
52 more not listed; retrieve them via the Exa API.
3Cited by48 opinions
- In Re Integrated Resources Real Estate Ltd. Partnerships Securities LitigationDistrict Court, S.D. New York · 1993
- Zola v. GordonDistrict Court, S.D. New York · 1988
- Friedman v. Arizona World Nurseries Ltd. PartnershipDistrict Court, S.D. New York · 1990
- Three Crown Ltd. Partnership v. Caxton Corp.District Court, S.D. New York · 1993
- In Re Blech Securities LitigationDistrict Court, S.D. New York · 1996
43 more not listed; retrieve them via the Exa API.