Fed. Sec. L. Rep. P 96,130 Theresa Bourassa v. Albert Desrochers

Theresa Bourassa appeals the district court’s judgment and order dismissing her action for lack of personal jurisdiction. Bourassa brought suit against Albert Des-rochers in the Central District of California for violations of federal securities laws and various pendent state claims. The district court dismissed for lack of personal jurisdiction on the ground that Desrochers did not have minimum contacts with California. We reverse.

I

In October 1964, Desrochers allegedly called Bourassa at her California residence to inform her that a parcel of property near his residence in Canada was for sale. Des-rochers indicated that the property was valuable because it contained vast quantities of peat moss that could be harvested and because the property had potential for development related to tourism. Bourassa flew to Canada and purchased the property. She alleges she would not have purchased the property if Desrochers had not agreed to jointly market and distribute the peat moss. The agreement allegedly called for Desrochers to manage the operation and for the profits to be split between Bourassa and Desrochers.

Bourassa alleges that for approximately twenty-six years following the…