System 99 Minority Shareholders v. Alan W. Robison Bernie G. Head Bradley Lusk Golden Sanwa Bank

953 F.2d 1388 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. SYSTEM 99 MINORITY SHAREHOLDERS, Plaintiff-Appellant, v. Alan W. ROBISON, et al.; Bernie G. Head; Bradley Lusk; Golden Sanwa Bank, Defendants-Appellees. No. 90-15705. United States Court of Appeals, Ninth Circuit. Argued and Submitted Aug. 23, 1991. Decided Feb. 4, 1992. Before D.W. NELSON, CYNTHIA HOLCOMB HALL and FERNANDEZ, Circuit Judges. 1 MEMORANDUM * 2 System 99 Minority Shareholders ("Minority Shareholders") is an unincorporated association comprised of former employees of System 99, a now-defunct California corporation that had been in the business of freight transportation. Minority Shareholders brought this action alleging improprieties in the formation and administration of an employee stock ownership plan ("ESOP") in System 99. Minority Shareholders brought suit against three groups of defendants: (1) former directors and officers of System 99 ("individual defendants"); (2) the trustee of the ESOP,…