725 F2d 995 Siebel v. C Scott  725 F.2d 995  Fed. Sec. L. Rep. P
99,685 Betty Jane SIEBEL, Executrix of the Estate of Eldon K.
Siebel, Deceased, et al., Plaintiffs-Appellants James C. SCOTT,
et al., Defendants-Appellees Cross-Appellants.  No. 82-1713.
United States Court of Appeals, Fifth Circuit.  Feb. 27, 1984.
Carl A. Generes, John O. Cunningham, Richard C. Guinan, Jr.,
Dallas, Tex., for plaintiffs-appellants cross-appellees.  Tom
Thomas, Dallas, Tex., for defendants-appellees cross-appellants.
Before GEE, TATE and PATRICK E. HIGGINBOTHAM, Circuit Judges.
view counter  In this securities case we review findings that
sales of securities were procured by fraud and we explicate the
proper measure of damages for such cases. We hold that interests
in a limited partnership here constitute "securities," and that
the plaintiffs' recovery on the facts here should be tied to the
actual value of the partnership interests at the time of sale
which can encompass the profit realized by the fraudulent
purchaser upo