Polinsky v. Mca Inc.

680 F.2d 1286 Fed. Sec. L. Rep. P 98,761 A. B. POLINSKY, an individual, and Scotsman Distributors, Inc., a California corporation, Plaintiffs-Appellees, v. MCA INC., a Delaware corporation, MCA Enterprises, Incorporated, a California corporation and Bear, Stearns & Co., a limited partnership, Defendants-Appellants. No. 81-5115. United States Court of Appeals, Ninth Circuit. Argued and Submitted March 3, 1982. Decided July 8, 1982. Thomas Larry Watts, Rosenfeld, Meyer & Susman, Beverly Hills, Cal., for defendants-appellants. Eugene L. Freeland, Gray, Cary, Ames & Frye, San Diego, Cal., for plaintiffs-appellees. Appeal from the United States District Court for the Southern District of California. Before WRIGHT, SNEED and ALARCON, Circuit Judges. ALARCON, Circuit Judge: 1 MCA Inc., MCA Enterprises Inc., and Bear, Sterns & Co. (Appellants) appeal from the district court's order denying their motion for summary judgment against Polinsky and Scotsman Distributors, Inc. (Appellees). 2 On appeal Appellees allege that Appellants' market manipulation of Coca Cola Bottling Co. of Los Angeles (CCLA) stock violated securities law Rule 10b-5 and section 14(e) of the Williams…