Bell v. Cameron Meadows Land Co.

669 F.2d 1278 Fed. Sec. L. Rep. P 98,602 Mary N. BELL, Margaret A. Stokes, Arthur Payne and Stephen Hogue, Trustee, Plaintiffs-Appellants, v. CAMERON MEADOWS LAND COMPANY, a Wisconsin corporation; SF Minerals, Inc., a Nevada corporation; Santa Fe International Corporation, a California corporation; Jack E. Arnold, and Paul C. Perret, Defendants-Appellees. No. 80-5326. United States Court of Appeals, Ninth Circuit. Argued and Submitted Oct. 9, 1981. Decided Feb. 22, 1982. Major Langer, Henry B. La Torraca, Perona & Langer, Long Beach, Cal., for plaintiffs-appellants. Robert C. Vanderet, O'Melveny & Myers, Los Angeles, Cal., argued, for defendants-appellees; Martin Glenn, Los Angeles, Cal., on brief. Appeal from United States District Court for the Central District of California. Before SKOPIL, FARRIS and BOOCHEVER, Circuit Judges. FARRIS, Circuit Judge: 1 Plaintiffs allege the defendants violated sections 10(b) 1 and 14(e) 2 of the Securities Exchange Act of 1934, corresponding California state securities laws, and committed common law fraud, all in connection with a tender offer by which SF Minerals, Inc., a Nevada corporation, acquired Cameron Meadows Land Company, a…