David F. Durham v. Walter A. Kelly, and Phillip A. Rennert, and Jay L. Anderson, Schutzky Distributors, Inc. v. Walter A. Kelly, and Phillip A. Rennert K. Duane McCleery Judith Meyers Kelly Jay L. Anderson Settler's Energy Corporation Settlers' Energy Resources, Inc. Michael R. Marshall Charles Lyndall Stewart Payne County Operating Company

810 F.2d 1500 Blue Sky L. Rep. P 72,490 , Fed. Sec. L. Rep. P 93,149 , 7 Fed.R.Serv.3d 102 David F. DURHAM, Plaintiff-Appellant, v. Walter A. KELLY, Defendant, and Phillip A. Rennert, and Jay L. Anderson, Defendants-Appellees. SCHUTZKY DISTRIBUTORS, INC., Plaintiff-Appellant, v. Walter A. KELLY, Defendant, and Phillip A. Rennert; K. Duane McCleery; Judith Meyers Kelly; Jay L. Anderson; Settler's Energy Corporation; Settlers' Energy Resources, Inc.; Michael R. Marshall; Charles Lyndall Stewart; Payne County Operating Company, Defendants-Appellees. Nos. 86-1669, 86-1670. United States Court of Appeals, Ninth Circuit. Argued and Submitted Jan. 15, 1987. Decided Feb. 24, 1987. William J. Hooy, Concord, Cal., for plaintiff-appellant Schutzky Distributors, Inc. Jeffrey R. Williams, San Francisco, Cal., for plaintiff-appellant David F. Durham. Loutitia Denison Eason, Oklahoma City, Okl., for defendants-appellees Settlers Energy Corporation, Michael R. Marshall, C. Lyndell Stewart and Payne County Operating Company. Andrew J. Ogilvie, Weston, Mass., for defendant-appellee Judith Kelly. Appeal from the United States District Court for the Northern District of California. Before HUG,…