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asked him to seek an expert opinion. Marvin Yarnell did not
investigate Plymouth and never asked Bachmann any questions about
the underlying transaction. Philip Yarnell did not investigate
any of the representations set forth in the offering memorandum.
The Yarnells' position is that they simply acted blindly on
Bachmann's advice. As Marvin Yarnell put it, Bachmann "was such
an overwhelming personality, we almost felt it would be an
affront if in any way at all we would not go along with his
suggestions." He reiterated: "We really had blind faith in Don
Bachmann." Philip Yarnell testified that he "relied almost
entirely and solely on * * * [Bachmann's] expertise. * * *
whatever he said, I, basically, took as gospel."
The Yarnells placed into the records of their cases several
documents, ostensibly submitted as evidence that they monitored
their investments in Plymouth. These were unaudited financial
statements of Plymouth for 1984 and 1985, a 1983 report
describing PI's accounting procedures and controls, and a 1983
update from PI noting that "market prices for polyethelene resin
have remained relatively low * * * [and] the Sentinel recyclers
* * * have not been profitable." Neither Marvin or Philip
Yarnell testified that they examined these documents. Given
their admitted inattention to the details of the investment, we
decline to infer from these documents that the Yarnells actively
monitored their investments in Plymouth.
Brodie claims reliance on Greene, who in turn relied on
Bachmann, with respect to Brodie's decision to acquire an
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