Anixter v. Home-Stake Production Co.

• Decision Date: 24 August 1992
• Docket Number: HOME-STAKE,Nos. 90-5040,s. 90-5040
• Citation: 977 F.2d 1533
• Parties: , Fed. Sec. L. Rep. P 96,968, 23 Fed.R.Serv.3d 957 Ivan A. ANIXTER; Blanche Dickenson; Dolly K. Yoshida, on behalf of themselves and all others similarly situated, Plaintiffs-Appellees, v.PRODUCTION COMPANY, an Oklahoma corporation; Home-Stake 1971 Program Operating Corporation; Home-Stake 1970 Program Operating Corporation; Home-Stake 1969 Program Operating Corporation; Home-Stake 1968 Program Operating Corporation; Home-Stake 1967 Program Operating Corporation; Home-Stake 1966 Program Operating Corporation; Home-Stake 1965 Program Operating Corporation; Robert S. Trippet; E.M. Kunkel; Thomas A. Landrith, Jr.; J.D. Metcalfe; H.B. Gutelius; H.L. Fitzgerald, Defendants, and Wynema Anna Cross, Executrix of the Estate of Norman C. Cross, Jr.; Norman C. Cross, Jr., Defendants-Appellants. A.M. ANDERSON; Bank of America National Trust and Savings Association, as Trustee for Merl McHenry, Joseph A. Buda, Arthur Bueche, George V.T. and Helen Burgess; Dewey J. Cali; William H. Colquhoun; S.W. Corbin; Robert B. Coburn; Virgil B. Day; William H. Dennler; Mario DiMartino; Stella DiMartino; John M. Evans; Margaret C. Everett; Isador H. Finkelstein; Joseph H. Gauss; H.W. Gouldthorpe; Ralph Hart; James J. Hayes; Earl D. Hilburn; Joseph E. Horak; Gerald A. Hoyt; Richard M. Hurst; Ralph Iannucci; Emily Iannucci; Milton F. Kent; Howard Kicherer; Elizabeth Kicherer; John Kokoszka; Millie B. Lassing; Joseph Levin; Marie F. Levin; John D. Lockton; Dennis G. Lyons; Ferdinand F. McAllister; Russell W. McFall; James Madden; Albert Manganelli; Nicholas A. Marchese; Stanley A. Marks; John G. Martin; C.W. Moeller; Andrew Overby; Carl E. Palermo; Frank A. Palermo; Roy T. Parker, Jr.; Bruce M. Robertson; D.D. Scarff; M.L. Scarff; A.E. Schubert; William R. Smart; E. Starr; Janet G. Stewart; Gerald Toomey; Paul Townsend; Vernon Underwood; H.B. Waldron, Jr.; Ted B. Westfall, Plaintiffs-Appellees, v.PRODUCTION COMPANY, an Oklahoma corporation; Home-Stake 1970 Program Operating Corporation, a Delawa
• Court: U.S. Court of Appeals — Tenth Circuit

Page 1533

977 F.2d 1533

61 USLW 2139, Fed. Sec. L. Rep. P 96,968,

23 Fed.R.Serv.3d 957

Ivan A. ANIXTER; Blanche Dickenson; Dolly K. Yoshida, on

behalf of themselves and all others similarly

situated, Plaintiffs-Appellees, v. HOME-STAKE PRODUCTION COMPANY, an Oklahoma corporation;

Home-Stake 1971 Program Operating Corporation; Home-Stake

1970 Program Operating Corporation; Home-Stake 1969 Program

Operating Corporation; Home-Stake 1968 Program Operating

Corporation; Home-Stake 1967 Program Operating Corporation;

Home-Stake 1966 Program Operating Corporation; Home-Stake

1965 Program Operating Corporation; Robert S. Trippet;

E.M. Kunkel; Thomas A. Landrith, Jr.; J.D. Metcalfe; H.B.

Gutelius; H.L. Fitzgerald, Defendants,

and

Wynema Anna Cross, Executrix of the Estate of Norman C.

Cross, Jr.; Norman C. Cross, Jr., Defendants-Appellants.

A.M. ANDERSON; Bank of America National Trust and Savings

Association, as Trustee for Merl McHenry, Joseph A. Buda,

Arthur Bueche, George V.T. and Helen Burgess; Dewey J.

Cali; William H. Colquhoun; S.W. Corbin; Robert B.

Coburn; Virgil B. Day; William H. Dennler; Mario

DiMartino; Stella DiMartino; John M. Evans; Margaret C.

Everett; Isador H. Finkelstein; Joseph H. Gauss; H.W.

Gouldthorpe; Ralph Hart; James J. Hayes; Earl D. Hilburn;

Joseph E. Horak; Gerald A. Hoyt; Richard M. Hurst; Ralph

Iannucci; Emily Iannucci; Milton F. Kent; Howard

Kicherer; Elizabeth Kicherer; John Kokoszka; Millie B.

Lassing; Joseph Levin; Marie F. Levin; John D. Lockton;

Dennis G. Lyons; Ferdinand F. McAllister; Russell W.

McFall; James Madden; Albert Manganelli; Nicholas A.

Marchese; Stanley A. Marks; John G. Martin; C.W. Moeller;

Andrew Overby; Carl E. Palermo; Frank A. Palermo; Roy T.

Parker, Jr.; Bruce M. Robertson; D.D. Scarff; M.L.

Scarff; A.E. Schubert; William R. Smart; E. Starr; Janet

G. Stewart; Gerald Toomey; Paul Townsend; Vernon

Underwood; H.B. Waldron, Jr.; Ted B. Westfall, Plaintiffs-Appellees, v. HOME-STAKE PRODUCTION COMPANY, an Oklahoma corporation;

Home-Stake 1970 Program Operating Corporation, a Delaware

corporation; Robert S. Trippet; Harry Heller; Simpson

Thacher and Bartlett, a partnership; Thomas A. Landrith,

Jr.; E.M. Kunkel; McAfee, Taft, Mark, Bond, Rucks, and

Woodruff, a professional corporation and its professional

employees and attorneys and partners, their successors and

assigns, Defendants,

and

Wynema Anna Cross, Executrix of the Estate of Norman C.

Cross, Jr.; Norman C. Cross, Jr., Defendants-Appellants.

A.M. ANDERSON; Richard J. Anton; Bank of America National

Trust and Savings Association, as Trustee for Merl McHenry,

E.P. Bernuth, Sophie K. Bernuth, Joseph A. Buda, George and

Helen Burgess; Dewey J. Cali; Robert B. Coburn; Coburn &

Libby, Inc.; Edward V. Coonan; S.W. Corbin; William H.

Dennler; Mario DiMartino; Stella DiMartino; John Evans;

Margaret C. Everett; L.L. Ferguson; Isador H. Finkelstein;

H.W. Gouldthorpe; George L. Haller; Jack Hanson; Ralph

A. Hart; F.H. Holt; Joseph E. Horak; Gerald A. Hoyt;

Howard G. Kicherer; Elizabeth C. Kicherer; John Kokoszka;

Millie B. Lassing; Joseph Levin; Marie Levin; John D.

Lockton; D.W. Lynch; D.B. Lynch; Dennis G. Lyons;

Ferdinand F. McAllister; Russell McFall; James F. Madden;

Albert Manganelli; Nicholas Marchese; Stanley A. Marks;

C.W. Moeller; William H. Mortensen; Carl Olson; Patricia

Olson; Carl Palermo; Frank Palermo; Roy T. Parker; Helen

M. Reeder; D.D. Scarff; M.L. Scarff; Richard Scott;

Louis P. Singer; William R. Smart; J. Stanford Smith; G.

Curtis Stewart; Paul Townsend; Vernon Underwood; Ted B.

Westfall; J. Howard Wood; Sidney Woolwich; Murray

Zimmerman, Plaintiffs-Appellees, v. HOME-STAKE PRODUCTION COMPANY, an Oklahoma corporation;

Home-Stake 1969 Program Operating Corporation, a Delaware

corporation; Robert S. Trippet; E.M. Kunkel; Thomas A.

Landrith, Jr.; Harry Heller; William Blum; Simpson

Thacher and Bartlett; William D. Lewis; Richard A. Ganong;

Lewis & Ganong, a partnership, Defendants,

and

Wynema Anna Cross, Executrix of the Estate of Norman C.

Cross, Jr., Defendant-Appellant.

BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION, as

Trustee for Marcella McHenry, Merl McHenry, Fred J. Borch,

David Breslauer, Joseph A. Buda; Dewey J. Cali; James

Clark; Mary Clark; William H. Colquhoun; Edward V.

Coonan; S.W. Corbin; William H. Dennler; Mario DiMartino;

Stella DiMartino; John Evans; L.L. Ferguson; Jack Fine;

Isador H. Finkelstein; Joseph H. Gauss; H.W. Gouldthorpe;

James J. Hayes; Earl D. Hilburn; Dorothy C. Holt; Joseph

E. Horak; Gerald A. Hoyt; Richard M. Hurst; John E.

Hutchinson, III; Harold Kaplan; W.S. Jones; Howard G.

Kicherer; Elizabeth Kicherer; John Kokoszka; Millie B.

Lassing; Joseph Levin; Marie Levin; D.W. Lynch; D.B.

Lynch, Dennis G. Lyons; Ferdinand F. McAllister; Russell

W. McFall; Anthony Macagna; James F. Madden; Albert

Manganelli; Nicholas A. Marchese; Charles J. Meloun; C.W.

Moeller; Carl J. Olson; Patricia Olson; Thomas O. Paine;

Carl E. Palermo; Frank A. Palermo; Roy T. Parker, Jr.;

Howard Rubenstein; D.D. Scarff; M.L. Scarff; C.S. Semple;

William Smart; J. Stanford Smith; Janet G. Stewart;

Gerald Toomey; Oliver J. Troster; H.B. Waldron, Jr.;

Humberto Zavaleta; Murray Zimmerman, Plaintiffs-Appellees, v. HOME-STAKE PRODUCTION COMPANY, an Oklahoma corporation;

Home-Stake 1971 Program Operating Corporation, a Delaware

corporation; Robert S. Trippet; Harry Heller; Simpson

Thacher and Bartlett, a partnership; William Blum; Thomas

A. Landrith, Jr.; E.M. Kunkel; McAfee, Taft, Mark, Bond,

Rucks, and Woodruff, a professional corporation and its

professional employees and attorneys and partners, their

successors and assigns; William D. Lewis; Richard A.

Ganong; Lewis & Ganong, a partnership, Defendants,

and

Wynema Anna Cross, as Executrix of the Estate of Norman C.

Cross, Jr., Defendant-Appellant.

Ivan A. ANIXTER; William H. Dennler; John D. Lockton;

Francis K. McCune; Ted B. Westfall; William H. Mortensen;

Peter P. Luce; William D. Robertson; Bernard D. Broeker;

Thomas H. Thorner; Dolly Yoshida Martin; William Grohne;

James H. Leachman; Beverly H. Warren; Joseph C. Bennett, Plaintiffs-Appellees, v. HOME-STAKE PRODUCTION COMPANY, an Oklahoma corporation;

Home-Stake 1964 Program Operating Corporation; Home-Stake

1965 Program Operating Corporation; Home-Stake 1966 Program

Operating Corporation; Home-Stake 1967 Program Operating

Corporation; Home-Stake 1968 Program Operating Corporation;

Home-Stake 1969 Program Operating Corporation; Home-Stake

1970 Program Operating Corporation; Home-Stake 1971 Program

Operating Corporation; Home-Stake 1972 Program Operating

Corporation; Robert S. Trippet; H.L. Fitzgerald; H.R.

Smith; Frank E. Sims; John T. Lenoir; Thomas A. Landrith,

Jr.; E.M. Kunkel; Jackson M. Barton; Marvin R. Barnett;

Donald C. Larrabee; J.D. Metcalfe; H.B. Gutelius; Carl E.

Clay; William E. Murray; Murray, Patterson & Sharpe;

Dryfoos & Company; McAfee, Taft, Mark, Bond, Rucks, and

Woodruff; Simpson Thacher and Bartlett; Harry Heller;

William Blum; Richard A. Ganong; William D. Lewis; Lewis

& Ganong; Richard A. Ganong, Inc.; Norman C. Cross, Jr.;

Kent Klineman, Defendants,

and

Cross and Company, Defendant-Appellant.

Ivan A. ANIXTER; Blanche Dickenson; Dolly K. Yoshida; and

Joseph C. Bennett, on behalf of themselves and all

others similarly situated, Plaintiffs-Appellees, v. HOME-STAKE PRODUCTION COMPANY, an Oklahoma corporation;

Home-Stake 1971 Program Operating Corporation; Home-Stake

1970 Program Operating Corporation; Home-Stake 1969 Program

Operating Corporation; Home-Stake 1968 Program Operating

Corporation; Home-Stake 1967 Program Operating Corporation;

Home-Stake 1966 Program Operating Corporation; Home-Stake

1965 Program Operating Corporation; Robert S. Trippet;

E.M. Kunkel; Thomas A. Landrith, Jr.; J.D.

Metcalfe; H.B. Gutelius; H.L. Fitzgerald; Norman C.

Cross, Jr.; Murray, Patterson & Sharpe, a partnership;

Dryfoos & Company, a limited partnership; McAfee, Taft,

Mark, Bond, Rucks, and Woodruff, a professional corporation;

Simpson Thacher and Bartlett, a partnership; Lewis &

Ganong, a partnership; William E. Murray; Kent Klineman;

William Blum; Harry Heller; Richard A. Ganong; William D.

Lewis; John T. Lenoir; Carl E. Clay; Jackson M. Barton;

Marvin R. Barnett; Frank E. Sims; H.R. Smith; Donald C.

Larrabee; Richard A. Ganong, Inc., a corporation, Defendants,

and

Kothe & Eagleton, Inc., a professional corporation,

Defendant-Appellant.

Ivan A. ANIXTER; Blanche Dickenson; Dolly K. Yoshida, on

behalf of themselves and all others similarly

situated, Plaintiffs-Appellees, v. HOME-STAKE PRODUCTION COMPANY, an Oklahoma corporation;

Home-Stake 1971 Program Operating Corporation; Home-Stake

1970 Program Operating Corporation; Home-Stake 1969 Program

Operating Corporation; Home-Stake 1968 Program Operating

Corporation; Home-Stake 1967 Program Operating Corporation;

Home-Stake 1966 Program Operating Corporation; Home-Stake

1965 Program Operating Corporation; Robert S. Trippet;

Thomas A. Landrith, Jr.; J.D. Metcalfe; H.B. Gutelius;

H.L. Fitzgerald; Norman C. Cross, Jr., Defendants,

and

E.M. Kunkel, Defendant-Appellant.

Richard J. ANTON; Morrell H. Blesh; Arthur M. Bueche;

S.W. Corbin; Virgil B. Day; William H. Dennler; L.L.

Ferguson; Isador H. Finkelstein; Thomas S. Gates; Joseph

H. Gauss; Margaret W. Gillespie; H.W. Gouldthorpe; George

L. Haller; Ralph A. Hart; Charles M. Heiden; Dorothy C.

Holt; Victor Holt, Jr.; Richard M. Hurst; P.J. Jensen;

Robert B. Keegan; Milton F. Kent; Millie B. Lassing; John

D. Lockton; D.W. Lynch; D.B. Lynch; Ferdinand F.

McAllister; Francis K. McCune; Russell W. McFall; John G.

Martin; H.D. Meader; Betty Jane Mills; David K. Mills;

C.W. Moeller; William H. Mortensen; D.D. Scarff; M.L.

Scarff; William R. Smart; J. Stanford Smith; Robert P.

Strub; Estate of Vera Strub; Vernon Underwood; Hoyt

Ammidon, Plaintiffs-Appellees, v. HOME-STAKE PRODUCTION COMPANY, an Oklahoma corporation;

Harry Heller; William Blum; Simpson Thacher and Bartlett,

a partnership; William D....