Grunenthal v. Hotz

712 F.2d 421 Fed. Sec. L. Rep. P 99,443 GRUNENTHAL GmbH, a corporation of the Federal Republic of Germany, Plaintiff-Appellant, v. Paul HOTZ, Bozena Hotz, Balfour Zepler, Joseph Lowe, Richter Corporation, Ltd., a Bahamian corporation, Cadence Corporation, Ltd., a Bahamian corporation, Productos Gedeon Richter (America) S.A., a Mexico corporation, Defendants-Appellees. Nos. 81-5553, 81-5554. United States Court of Appeals, Ninth Circuit. Argued and Submitted May 4, 1982. Decided Aug. 4, 1983. Thomas G. Wood, Robert Lofts, Severson, Werson, Berke & Melchoir, San Francisco, Cal., for plaintiff-appellant. Robert Mallory, Lawler, Felix & Hall, Gary L. Justice, Rex S. Heinke, Gibson, Dunn & Crutcher, Los Angeles, Cal., for defendants-appellees. Appeal from the United States District Court for the Central District of California. Before FLETCHER, PREGERSON and REINHARDT, Circuit Judges. REINHARDT, Circuit Judge: 1 The question presented on this appeal is whether the district court has subject matter jurisdiction under the federal securities laws over a transaction in foreign securities between foreign corporations and citizens of foreign states where the only connection…