Margaret S. Viall v. John Scott, Sr., and James R. Clark, Gene Hutchins

943 F.2d 56 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. Margaret S. VIALL, Plaintiff-Appellee, v. John SCOTT, Sr., et al., Defendants, and James R. Clark, Gene Hutchins, Defendants-Appellants. Nos. 88-15034, 88-15035. United States Court of Appeals, Ninth Circuit. Submitted Nov. 9, 1990. * Decided Sept. 10, 1991. Before CHAMBERS, ALARCON and BRUNETTI, Circuit Judges. 1 MEMORANDUM ** 2 Facts and Proceedings. 3 Appellants Clark and Hutchins were directors of North American Currency and Coin, Inc. ("NACC"). Clark was a director from the time of the company's formation in 1975 until NACC's bankruptcy in September, 1982. In addition, Clark was Vice-President, Secretary, and Treasurer of NACC from 1975 until October 2, 1981. Hutchins was a director from the time of the incorporation in 1975 until his failure to be reelected at an October 15, 1980, shareholders meeting. 4 The nature of NACC's business is in dispute. NACC was primarily a precious metals brokerage firm.…