MEMORANDUM OPINION
STAGG, Chief Judge.
The instant action was filed on November 21, 1986, alleging various acts of fraud in connection with plaintiffs' purchases of oil and gas interests sold by the defendants. Plaintiffs seek damages pursuant to Section 12(1) of the Securities Act of 1933, 15 U.S.C. § 771(1); Section 12(2) of the Securities Act of 1933, 15 U.S.C. § 771(2); Section 10(b) of the Exchange Act of 1934, 15 U.S.C. § 78j(b) and...
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