Fed. Sec. L. Rep. P 99,280, 96 Cal. Daily Op. Serv. 5449, 96 Daily Journal D.A.R. 8891 Dcd Programs, Ltd. Jkb Alpha Programs, Ltd. Technimatics Five, Ltd. Lord Hill Investors Pack Programmers Uxbridge Management Integrated Commodity Systems, Ltd. v. Michael W. Leighton, and Jacob Y. Terner

90 F.3d 1442 Fed. Sec. L. Rep. P 99,280, 96 Cal. Daily Op. Serv. 5449 , 96 Daily Journal D.A.R. 8891 DCD PROGRAMS, LTD.; JKB Alpha Programs, Ltd.; Technimatics Five, Ltd.; Lord Hill Investors; Pack Programmers; Uxbridge Management; Integrated Commodity Systems, Ltd., Plaintiffs-Appellants, v. Michael W. LEIGHTON, Defendant, and Jacob Y. Terner, Defendant-Appellee. No. 94-55776. United States Court of Appeals, Ninth Circuit. Argued and Submitted Oct. 17, 1995. Decided July 24, 1996. Rick M. Stein, Palm Springs, California, for plaintiffs-appellants. James H. Lehr, Beverly Hills, California, for defendant-appellee. Appeal from the United States District Court for the Central District of California, Richard A. Gadbois, Jr., District Judge, Presiding. D.C. No. CV-85-01040-RG. Before: POOLE and O'SCANNLAIN, Circuit Judges; MARQUEZ, * District Judge. O'SCANNLAIN, Circuit Judge. 1 May investors who purchased limited partnership interests in certain "tax shelters" recover as damages, in a federal securities fraud suit, back taxes and interest paid to the Internal Revenue Service? 2 * This complex and seemingly interminable securities fraud action was initially filed in 1985. 1 The…