United States Ninth Circuit

In an action against officers and directors of a corporation, a shareholder did not suffer any damages under sections 11 or 12 of the Securities Act, where he disposed of stock shares in a merger at a price almost double that for which it had been acquired a year earlier.

Appellate Information

• Argued 06/04/2002
• Decided 06/28/2002
• Published 06/28/2002

Judges

• Before FERNANDEZ, WARDLAW, and W. FLETCHER, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• Solomon B. Cera,Gold Bennett Cera & Sidener, LLP, San Francisco, CA, for the plaintiffs-appellants.


• For Appellees:
  
• John W. Spiegel, Munger, Tolles & Olson, LLP, Los Angeles, CA;  John F. Sylvia, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., Boston, MA, for the defendants-appellees.