Legal Opinion

Drake v. Letterman Transaction Services

Court of Appeals for the Fifth Circuit

Decided September 12, 1986No. 85-1446PublishedCited by 11 opinions

1Opinion of the Court

JERRE S. WILLIAMS, Circuit Judge:

Appellants Letterman Brothers Energy Programs (“Energy Programs”), Letterman Brothers (a California partnership), Bryce L. Letterman, Scott M. Letterman, and Letterman Transaction Services, Inc. (a California corporation) suffered substantial financial losses as a result of investments in oil and gas leases that they entered into with Wells-Battelstein Oil & Gas, Inc. Appellants thereafter brought claims against appellee BancTexas and against Walter D. Wells, Jr. and Barry L. Battelstein, the principal stockholders of Wells-Battelstein, a Texas corporation…

2Cases cited24 opinions

  1. The Boeing Company v. Daniel C. ShipmanCourt of Appeals for the Fifth Circuit · 1969
  2. Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
  3. Thigpen v. LockeTexas Supreme Court · 1962
  4. Huddleston v. Herman & MacLeanCourt of Appeals for the Fifth Circuit · 1981
  5. Lubbock Feed Lots, Inc., and Lockney Cooperative Gin v. Iowa Beef Processors, Inc.Court of Appeals for the Fifth Circuit · 1980

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3Cited by11 opinions

  1. Fed. Sec. L. Rep. P 92,912 in Re Letterman Brothers Energy Securities Litigation. Donald A. Drake v. Letterman Transaction Services, Letterman Brothers Energy Program v. Banctexas Dallas, N.A., Richard J. Stuart v. Letterman Brothers Energy, Defendants-Third Party v. Banctexas Dallas, N.A., Third PartyCourt of Appeals for the Third Circuit · 1986
  2. In Re Baltimore Food Systems, Inc.United States Bankruptcy Court, D. South Carolina · 1986
  3. United States Ex Rel. Gonzalez v. Fresenius Medical Care North AmericaDistrict Court, W.D. Texas · 2010
  4. Victoria Rizzo v. Children's World Learning Centers, Incorporated, Doing Business as Cwlc, IncorporatedCourt of Appeals for the Fifth Circuit · 1999
  5. Brothers Petroleum, LLC v. Wagners Chef, LLCDistrict Court, E.D. Louisiana · 2020

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