670 F.Supp. 1466 (N.D.Cal. 1987)
, et al., Plaintiffs,
, et al., Defendants.
No. C 84-8069 TEH.
United States District Court, N.D. California.
March 23, 1987
Plaintiffs in this action are six individuals who invested in four limited
partnerships ostensibly organized to produce oil and gas through the use of new
"enhanced oil recovery technology" ("EOR"). These named plaintiffs are attempting to
proceed as class representatives for over 1000 persons who invested in these four
partnerships and in 36 other similar partnerships offered between 1979 and 1983.
Plaintiffs have named over 100 defendants, including the partnerships, the general
partners, the individuals and corporate entities alleged to be the moving forces behind the
partnerships, and an array of accountants, attorneys and consultants who provided
services to the partnerships. Plaintiffs allege these 40 partnerships represent a worldwide
conspiracy to defraud investors out of hundreds of millions of dollars.
The crux of the scheme as alleged by plaintiffs is as follows. Plaintiffs claim that