Des Brisay v. Goldfield Corporation

549 F.2d 133 Fed. Sec. L. Rep. P 95,868 Richard J. DES BRISAY, derivatively, on behalf of himself and all other former shareholders of Canadian Plywood Corporation Ltd., and C.P.H.C. Holding Co. Ltd., which similarly situated shareholders constitute a class, and Western Pacific Trust Company, Plaintiffs-Appellants, v. The GOLDFIELD CORPORATION and Goldfield Lumber Enterprises Limited, Defendants-Appellees. No. 75-2492. United States Court of Appeals, Ninth Circuit. Jan. 24, 1977. Jennings P. Felix (argued), of Jennings P. Felix & Assoc., Seattle, Wash., for plaintiffs-appellants. William A. Gould (argued), of Perkins, Coie, Stone, Olsen & Williams, Seattle, Wash., for defendants-appellees. Before KOELSCH and GOODWIN, Circuit Judges, and JAMESON, * District Judge. KOELSCH, Circuit Judge: 1 This suit is one to secure equitable relief and recover damages based upon an allegedly fraudulent stock transaction between Canadian Plywood Corporation Ltd. (Plywood), a Canadian corporation, and The Goldfield Corporation (Goldfield), an American corporation. Plaintiffs are Richard J. Des Brisay, a Canadian national and former Plywood shareholder, and Western Pacific Trust Company, a…