Nelson v. Quimby Island Reclamation District Facilities Corp.

Good Law

491 F. Supp. 1364·1980 U.S. Dist. LEXIS 10166

United States District Court, Northern District of CaliforniaJanuary 23, 1980C-77-0784 SCCalifornia14,106 words

Opinion

Conti, J.

ORDER

This is a securities fraud class action brought by the purchasers of bonds and notes issued by the Quimby Island Reclamation District Facilities Corporation (hereinafter Facilities Corporation). This case is before the court on eleven separate motions, which will be examined in turn.

I. DEFENDANT UNION BANK’S MOTION FOR SUMMARY JUDGMENT AGAINST PLAINTIFFS.

A. SUMMARY JUDGMENT

The parties and the court are well aware that before a summary judgment may be granted under F.R.Civ.P. 56, the pleadings, depositions, answers to interrogatories, admissions on file, and the accompanying affidavits must “show that there is no genuine issue as to any material fact and that the moving party is entitled to judgment as a matter of law.” F.R.Civ.P. 56(c); MGM Grand Hotel, Inc. v. Imperial Glass Co., 533 F.2d 486 , 488 (9th Cir.), cert. denied, 429 U.S. 887 , 97 S.Ct. 239 , 50 L.Ed.2d 168 (1976) (quoting Radobenko v. Automated Equip. Corp., 520 F.2d 540, 543 (9th Cir. 1975)).

The party moving for summary judgment has the burden of clearly establishing the lack of any triable issue of material fact. It is not the function of the trial court at the summary judgment hearing to resolve any…

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Judges

Conti

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