Bruns

After a Texas' corporation, DeSoto Operating Company, Inc. (DeSoto), and its alleged alter ego, O. B. Haley, assumed certain agreements to operate Texas gas and oil investment properties from Keystone Oil Company, Inc. (Keystone), another Texas corporation, it was sued by 33 California investors (Investors) whose contractual agreements had been obtained by Keystone in a California securities solicitation. Although all agreements were executed in California in transactions subject to the judicial processes of this state, Investors’ suit against DeSoto and O. B. Haley for rescission of the contracts it assumed from Keystone, for securities violations and various tort causes of action in connection with the solicitation of and performance of the terms of the agreements, was dismissed after the court granted motions to quash summons because it found insufficient California contacts for personal jurisdiction. Because we conclude a successor who assumes contractual obligations and benefits of an entity subject to the judicial process of a particular forum may not divest other contracting parties of the jurisdictional benefits obtained from the circumstances in which the…