Obenauf v. CIDCO Investment Services, Inc.

Plaintiffs-appellants, Carl Obenauf and Charles Effinger, appeal the trial court’s judgment rendered in favor of defendants-appellees, CIDCO Investment Services, Inc. (“CIDCO”) and Sandra Stana. The facts giving rise to the instant appeal are as follows.

On or about September 24, 1984, IFPS Securities Corporation (“IFPS”) issued an Amended and Restated Private Offering Memorandum for Lewiston Steam & Power Associates (“Lewiston”), an Ohio limited partnership. The memorandum was used to promote and sell forty-seven units of a limited partnership interest in Lewis-ton. The units in the limited…