Fed. Sec. L. Rep. P 98,634, 10 Fed. R. Evid. Serv. 254 Joseph Kramas v. Security Gas & Oil Inc., a California Corporation, Joseph Kramas v. Security Gas & Oil Inc., a California Corporation

672 F.2d 766 Fed. Sec. L. Rep. P 98,634, 10 Fed. R. Evid. Serv. 254 Joseph KRAMAS, Plaintiff-Appellee, v. SECURITY GAS & OIL INC., a California Corporation, Defendant-Appellant. Joseph KRAMAS, Plaintiff-Appellant, v. SECURITY GAS & OIL INC., a California Corporation, Defendant-Appellee. Nos. 78-3301, 78-3451. United States Court of Appeals, Ninth Circuit. Argued and Submitted Sept. 11, 1980. Decided March 26, 1982. John J. Mullane, Jr., and Robert G. Knechtel, San Francisco, Cal., for defendant-appellant. Charles F. Brega, Roath & Brega, Denver, Colo., for plaintiff-appellee. Appeal from the United States District Court for the Northern District of California. Before BROWNING, Chief Judge, KENNEDY, Circuit Judge, and HOFFMAN, * District Judge. BROWNING, Chief Judge: 1 Joseph Kramas purchased limited partnership interests in three oil and gas drilling projects in which Security Gas & Oil, Inc. (SEGO) was the general partner. Raymond Miller and Emanuel Rappoport were officers of SEGO and James Barrons was Kramas' stockbroker. Kramas purchased the partnership interests after reading prospectuses prepared by SEGO and after conversations with Miller and Barrons. The…