NOTICE: Seventh Circuit Rule 53(b)(2) states unpublished orders shall not be cited or used as precedent except to support a claim of res judicata, collateral estoppel or law of the case in any federal court within the circuit.
Newman JOHNSTON, III and Phillip C. Asher, doing business as
Worldwide Collections, a general partnership,
Plaintiffs-Appellants,
v.
Lincoln J. BUMBA, James Diiorio, Dorothy Diiorio, et al.,
Defendants-Appellees.
No. 91-2235.
United States Court of Appeals, Seventh Circuit.
Submitted Dec. 14, 1992.*
Decided Dec. 17, 1992.
Before BAUER, Chief Judge, CUMMINGS, Circuit Judge, and PELL, Senior Circuit Judge.
ORDER
The plaintiffs sued Lincoln J. Bumba1 in an effort to recover the balance due on a promissory note he executed for the purpose of acquiring an interest in Aqua-Solar Associates Limited, a limited partnership whose business was to lease solar hot water heating systems. The district court ruled in favor of Bumba on two independent grounds: (1) that the plaintiffs violated the federal securities laws,2 and (2) that the plaintiffs failed to prove the amount due on the note.
The plaintiffs' failure to contest the district court's alternate ground for finding in favor of Bumba precludes them from succeeding on appeal. Even if we were to accept all of their arguments with respect to the securities-law issue, their failure to address the damages issue means that they have abandoned it. Bower v. Jones,
AFFIRMED.
Notes
After preliminary examination of the briefs, the court notified the parties that it had tentatively concluded that oral argument would not be helpful to the court in this case. The notice provided that any party might file a "Statement as to Need of Oral Argument." See Fed.R.App.P. 34(a); Circuit Rule 34(f). No such statement having been filed, the appeal has been submitted on the briefs and record
As explained by the district court, Bumba's case was
essentially identical to 17 other suits brought by the plaintiffs against individuals who executed promissory notes in the venture. We have consolidated these cases and each of the defendants has agreed to be bound in each of their own suits by the disposition of Bumba's case at trial.
Johnston v. Bumba,
Specifically, the district court found that the plaintiffs (1) had made an unregistered public offering in violation of 15 U.S.C. § 77e,
