Fed. Sec. L. Rep. P 97,004, 36 Fed. R. Evid. Serv. 761 Chevron Corporation v. Pennzoil Company

974 F.2d 1156 Fed. Sec. L. Rep. P 97,004, 36 Fed. R. Evid. Serv. 761 CHEVRON CORPORATION, Plaintiff-Appellant, v. PENNZOIL COMPANY, Defendant-Appellee. No. 90-16833. United States Court of Appeals, Ninth Circuit. Argued and Submitted Feb. 14, 1992. Decided Sept. 9, 1992. William I. Edlund, C. Douglas Floyd, and Walter J. Robinson, Pillsbury, Madison & Sutro, San Francisco, Cal., for plaintiff-appellant. Stephen V. Bomse, Jonathan P. Hayden, David C. Brownstein, and Mary Ann Yarbrough, Heller, Ehrman, White & McAuliffe, San Francisco, Cal., for defendant-appellee. Appeal from the United States District Court for the Northern District of California. Before: SCHROEDER, REINHARDT, and KLEINFELD, Circuit Judges. SCHROEDER, Circuit Judge: I. Introduction 1 The Chevron Corporation appeals from the district court's order granting summary judgment in favor of the Pennzoil Company in Chevron's action seeking injunctive relief to halt Pennzoil's purchase of Chevron stock. Chevron's complaint alleged that Pennzoil's Schedule 13D, filed pursuant to Section 13(d) of the Williams Act, 15 U.S.C. § 78m(d), was materially misleading. Chevron also appeals the district court's partial…