John L. Waller v. Financial Corporation of America, and Arthur Anderson & Co., Intervenor-Appellant. Nessim Husni v. Financial Corporation of America, and Arthur Anderson & Co., Intervenor-Appellant

828 F.2d 579 56 USLW 2251 , Fed. Sec. L. Rep. P 93,397 , 9 Fed.R.Serv.3d 92 John L. WALLER, et al., Plaintiff-Appellee, v. FINANCIAL CORPORATION OF AMERICA, Defendant-Appellee, and Arthur Anderson & Co., Intervenor-Appellant. Nessim HUSNI, et al., Plaintiffs-Appellees, v. FINANCIAL CORPORATION OF AMERICA, Defendant-Appellee, and Arthur Anderson & Co., Intervenor-Appellant. Nos. 86-6028, 86-6034. United States Court of Appeals, Ninth Circuit. Argued and Submitted Jan. 6, 1987. Decided Sept. 22, 1987. Stuart L. Kadison, Michael C. Kelley and Thomas H. Keeling, Los Angeles, Cal., for intervenor-appellant. Wesley G. Howell, Jr. and Patrice I. Kopistansky, Los Angeles, Cal., for defendant-appellee Financial Corp. of America. George C. Zachary, Walter S. Weiss, John J. Stumreiter and James Y. Leong, Beverly Hills, Cal., David J. Bershad, Virginia A. LoPreto, San Diego, Cal., and Edward Labaton, Joseph Sternberg and Stuart D. Wechsler, New York City, for plaintiffs-appellees Waller and Husni, et al. Appeal from the United States District Court for the Central District of California. Before KENNEDY, SCHROEDER and POOLE, Circuit Judges. POOLE, Circuit Judge: 1 This appeal arises…