California Court of Appeal

A defendant must have engaged in both the sale and/or offer to sell or buy and/or offer to buy securities, and make misleading statements for the purpose of inducing the purchase or sale of a security, for liability under Corporations Code 25500.

Appellate Information

• Decided 12/05/2001
• Published 12/05/2001

Judges

• MIHARA, J.

Court

• California Court of Appeal

Counsel

• For Appellant:
  
•  William S. Lerach,William S. Dato, Tor Gronborg, Milberg Weiss Bershad Hynes & Lerach, San Diego, Robert M. Roseman, Spector, Roseman & Kodroff, Philadelphia, PA, for Plaintiffs.


• For Appellees:
  
• Dale E. Barnes, Jr., Karen L. Kennard, Jennifer L. Jonak, McCutchen, Doyle, Brown & Enersen, San Francisco, for Respondent Deloitte & Touche., Terry T. Johnson, Rebecca A. Mitchells, Kent W. Easter, Wilson, Sonsini, Goodrich & Rosati, Palo Alto, for Respondent Harry L. Dickinson., Walter J. Robinson, Charles R. Ragan, Palo Alto, Kevin M. Fong, San Francisco, Theodore K. Bell, Palo Alto, Pillsbury, Winthrop, for Respondents Dale Lindly, et al.