Ikuno v. Yip

912 F.2d 306 59 USLW 2197 , RICO Bus.Disp.Guide 7546 Ichiro IKUNO, Plaintiff-Appellant, v. Peter YIP, a/k/a Peter Yip Shut-Yuen; a/k/a Shut-Yuen Yip and Jane Doe Yip, husband and wife; Peter Cheung and Jane Doe Cheung, husband and wife; Ka C Li and Jane Doe Li, husband and wife, Defendants-Appellees. No. 89-35319. United States Court of Appeals, Ninth Circuit. Argued May 8, 1990. Submission Withdrawn May 9, 1990. Resubmitted July 5, 1990. Decided Aug. 17, 1990. Bo Barker, Bellevue, Wash., for plaintiff-appellant. Tyna Ek, Michael L. Farrell, Merrick, Hofstedt & Lindsey, Seattle, Wash., for defendants-appellees. Appeal from the United States District Court for the Western District of Washington. Before WRIGHT, POOLE and BRUNETTI, Circuit Judges. EUGENE A. WRIGHT, Circuit Judge: 1 Appellant Ichiro Ikuno seeks the substance behind a phantom. He appeals the district court's dismissal of his claims under the Commodities Exchange Act, RICO claims and pendent state claims against Li and other defendants allegedly involved in a fraudulent commodities trading corporation. We now AFFIRM in part, REVERSE in part, and REMAND. BACKGROUND 2 Ichiro Ikuno and other investors were shown an…