Kernrechtsfrage
Whether the appellants had standing to appeal the dismissal
Extrahierter Entscheid
The first appellant had standing because the alleged fraud could directly affect his proprietary interests; other standing questions were left open.
Extrahierte Begründung
A private complainant may appeal only if the decision can affect civil claims. The first appellant invested in the partnership after the prospectus and could be directly harmed if fraud were proven.