R. Richard Bastian, III v. Petren Resources Corporation

U.S. Court of Appeals, Seventh Circuit · Decided 1990-01-09

Cited by 215 later decision(s) in our corpus · see the citation network in Lexace

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POSNER, Circuit Judge. In 1981 the plaintiffs invested $600,000 in oil and gas limited partnerships promoted by the defendants. The plaintiffs allege that, had it not been for the offering memo-randa’s misrepresentations and misleading omissions concerning the defendants’ competence and integrity, the plaintiffs would not have invested in these partnerships, which by 1984 were w…

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