W.O. Akin v. Q-L Investments, Inc., Etc., Laventhol & Horwath
Court of Appeals for the Fifth Circuit
1Opinion of the Court
PATRICK E. HIGGINBOTHAM, Circuit Judge:
This is a suit alleging violations of state and federal securities laws and RICO by accountants who audited financial statements included in private placement memo-randa. Plaintiffs appeal a summary judgment and a sanction. We reverse.
I
Plaintiffs are 127 investors who invested in a number of tax-oriented limited partnerships syndicated between 1973 and 1985 by a group of companies known as the Quinn-L group. The Quinn-L group included four companies that served as general partners of these limited partnerships: Quinn-L Investments, Inc., SML, Inc.,…
2Cases cited42 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- H. J. Inc. v. Northwestern Bell Telephone Co.Supreme Court of the United States · 1989
- Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
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- Perez-De-Munoz v. Volvo Car Corp.Court of Appeals for the First Circuit · 2001
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