Fed. Sec. L. Rep. P 98,777, 11 Fed. R. Evid. Serv. 781 Chemetron Corporation, Cross-Appellant v. Business Funds, Inc., Cross-Appellees

U.S. Court of Appeals, Fifth Circuit · Decided 1982-08-16

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GEE, Circuit Judge: I. INTRODUCTION We review the latest act in the long-running drama of the Western Equities, Inc. (“Westec”) stock scandal. The characters include defendants-appellants, cross-appel-lees Business Funds, Inc. (“BFI”), a small business investment company, John Austin (“Austin”), chairman of BFI, and David Bintliff (“Bintliff”), a business…

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