Legal Opinion
Daniel KLAERS, Robert Andersen, Appellants, v. Peter ST. PETER, Appellee
Court of Appeals for the Eighth Circuit
Decided August 22, 1991No. 90-5321PublishedCited by 3 opinions
1Opinion of the Court
LOKEN, Circuit Judge.
Plaintiffs Daniel Klaers and Robert Andersen, who were non-managing general partners in an unsuccessful real estate partnership, appeal the district court’s 1 judgment dismissing their securities fraud action against Peter St. Peter for his alleged non-disclosures while serving as attorney and accountant for the partnership. The district court rejected plaintiffs’ claim that a restructuring of the partnership and their subsequent capital infusions were independent securities purchases for purposes of federal and state securities laws. Accordingly, because St. Peter was…
2Cases cited14 opinions
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- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- Fed. Sec. L. Rep. P 93,548 Radiation Dynamics, Inc. v. Lawrence GoldmuntzCourt of Appeals for the Second Circuit · 1972
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