Legal Opinion

Stewart v. Ragland

Court of Appeals for the Ninth Circuit

Decided May 9, 1991No. 89-16114PublishedCited by 21 opinions

1Opinion of the Court

SNEED, Circuit Judge:

This purports to be a securities fraud case based on a failed oil and gas venture. Defendant James Ragland, president of an Oklahoma oil and gas company, sold working interests in wells to the plaintiffs. Plaintiffs are all friends and associates of each other, many of whom have invested extensively in energy production.1

Each well was managed by an independent oil and gas operator, with plaintiffs retaining certain rights.2 During the sales negotiations, one of the plaintiffs’ law partners assured defendant over the phone and in writing that the interests would be exempt…

2Cases cited18 opinions

  1. United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
  2. Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
  3. Tcherepnin v. KnightSupreme Court of the United States · 1967
  4. Fed. Sec. L. Rep. P 93,748 Securities and Exchange Commission v. Glenn W. Turner Enterprises, Inc.Court of Appeals for the Ninth Circuit · 1973
  5. Palos Verdes Faculty Ass'n v. Palos Verdes Peninsula Unified School DistrictCalifornia Supreme Court · 1978

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3Cited by21 opinions

  1. In Re Pacific Atlantic Trading Co., Debtor. United States of America, Claimant-Appellant v. Robert F. Towers, Trustee-AppelleeCourt of Appeals for the Ninth Circuit · 1994
  2. Younie v. Gonya (In Re Younie)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1997
  3. Alexis M. Herman, Secretary of Labor, United States Department of Labor v. Fabri-Centers of America, Inc.Court of Appeals for the Sixth Circuit · 2002
  4. Stewart v. RaglandCourt of Appeals for the Ninth Circuit · 1991
  5. 1995-1 Trade Cases P 70,875, 41 Fed. R. Evid. Serv. 587 the City of Long Beach, State of California v. Standard Oil Company of California, and Exxon CorporationCourt of Appeals for the Ninth Circuit · 1995

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