Harelson v. Miller Financial Corporation

846 F.2d 53 Fed. Sec. L. Rep. P 93,751 Anna M. HARELSON; Anna M. Harelson, Ph.D., Inc.; Defined Benefit Plan; Louis A. Rigali; Julianne Rigali, Plaintiff-Appellees/Cross-Appellants, v. MILLER FINANCIAL CORPORATION, a California corporation; Defendant, and David O. Wilson, Defendants-Appellants/Cross-Appellees. Nos. 87-1584, 87-1653. United States Court of Appeals, Ninth Circuit. Argued and Submitted Dec. 17, 1987. Decided May 9, 1988. Fletcher, Circuit Judge, concurred in result. Robert A. Huddleston, Tonsing, Heimann & Huddleston, Danville, Cal., for plaintiffs-appellees/cross-appellants. Deborah A. Klar and Michael F. Perlis, Pettit & Martin, San Francisco, Cal., for defendants-appellants/cross-appellees. Appeals from the United States District Court for the Northern District of California. Before FLETCHER, WIGGINS and NOONAN, Circuit Judges. NOONAN, Circuit Judge: 1 Anna M. Harelson, Anna M. Harelson, Ph.D., Inc. Defined Benefit Plan, Louis A. Rigali and Julianne J. Rigali sued David O. Wilson and others alleging violation of Section 12(1) of the Securities Act of 1933, 15 U.S.C. Sec. 77l (1) and other wrongs. The case was tried in the district court without a jury. The…