Fed. Sec. L. Rep. P 98,249 Homer E. Stephenson and Freda Lois Stephenson, His Wife v. Calpine Conifers Ii, Ltd., a Limited Partnership
Court of Appeals for the Ninth Circuit
1Opinion of the Court
NIELSEN, District Judge:
I Facts.
This case arises out of Homer and Freda Stephenson’s $20,000 investment in a California limited partnership, Calpine Conifers II (hereinafter Calpine II). The Stephen-sons were told about Calpine II by Ethel Jaquess, an investment counselor. Ms. Ja-quess was the individual general partner in Calpine II until her death in April of 1976. Until shortly before she died, Ms. Jaquess was the only representative of Calpine II with whom the Stephensons had any contact.
Calpine II was formed for the purpose of planting and selling Christmas trees. The Stephensons allege…
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