Fed. Sec. L. Rep. P 95,748 Rostad and Rostad Corporation v. Investment Management & Research, Inc., Rostad and Rostad Corporation v. Investment Management & Research, Inc.

923 F.2d 694 Fed. Sec. L. Rep. P 95,748 ROSTAD AND ROSTAD CORPORATION, Plaintiff-Appellee, v. INVESTMENT MANAGEMENT & RESEARCH, INC., et al., Defendants-Appellants. ROSTAD AND ROSTAD CORPORATION, Plaintiff-Appellant, v. INVESTMENT MANAGEMENT & RESEARCH, INC., et al., Defendants-Appellees. Nos. 89-35014, 89-35064. United States Court of Appeals, Ninth Circuit. Argued and Submitted Dec. 5, 1990. Decided Jan. 14, 1991. John R. Kiefner, Jr., and Clifford J. Hunt, Ridden and Earle, St. Petersburg, Fla., for defendant-appellant-cross-appellee Investment Management & Research. Stephen D. Bell, and Robert L. Sterup, Dorsey & Whitney, Billings, Mont., for plaintiff-appellee-cross-appellant. Appeal from the United States District Court for the District of Montana. Before GOODWIN, Chief Judge, WRIGHT and NOONAN, Circuit Judges. NOONAN, Circuit Judge: 1 Rostad and Rostad Corporation (R & R), a Montana Subchapter S corporation, brought suit against Investment Management and Research, Inc. (IM & R), a Florida Corporation, alleging broker fraud, negligence, breach of contract, breach of an implied covenant of good faith and fair dealing, and breach of fiduciary duty in…