United States Ninth Circuit

In a challenge to the scope of bar orders issued in securities class action settlements, bar orders forbidding all suits by non-settling defendant against settling defendants relating to or arising out of the class action are vacated as overly broad and remanded for modification because bar orders issued pursuant to Private Securities Litigation Reform Act section 4(f)(7)(A) or California Code of Civil Procedure section 877.6 can only bar claims for contribution, indemnity, and claims where the injury is the non-settling defendant's liability to the class action plaintiffs.

Appellate Information

• Argued 05/06/2008
• Decided 10/01/2008
• Published 10/01/2008

Judges

• PAEZ, Circuit Judge:, Before:  RAYMOND C. FISHER and RICHARD A. PAEZ, Circuit Judges, and JAMES L. ROBART, District Judge.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• Robert Scott Dreher and Matthew R. Miller (argued), Dreher Law Firm, San Diego, CA, for Bruce Talley, appellant.


• For Appellees:
  
• Daniel M. Harkins, Feldhake, August & Roquemore, Irvine, CA, for Russel Betker, Virginia Betker, Betker Partners One, LP, Betker Partners Three, LP, Lori O'Shea, and Michael O'Shea, appellees., G. Cresswell Templeton, III, Hill, Farrer & Burrill LLP, Los Angeles, CA, for U.S. Trust Corp., N.A., appellee., Gary Kurtz, Law Offices of Gary Kurtz, Woodland Hills, CA, for Robert A. Kasirer and Debra Kasirer, appellees., Garland Kelley, Irell & Manella, LLP, Los Angeles, CA, for CBIZ and Century Business Services, appellees.