Solomon v. Peat, Marwick, Main & Co.

976 F.2d 738 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. Paul SOLOMON; Alan R. Plapinger; Gene Hart, Plaintiffs-Appellants, v. PEAT, MARWICK, MAIN & CO., a Partnership; Donaldson Lufkin & Jenrette Securities Corporation; Robertson & Stephens, Defendants-Appellees. No. 91-55453. United States Court of Appeals, Ninth Circuit. Argued and Submitted July 8, 1992. Decided Sept. 21, 1992. Before FARRIS, WIGGINS and FERNANDEZ, Circuit Judges. 1 MEMORANDUM * OVERVIEW 2 This is a securities fraud case in which appellants Paul Solomon, Alan Plapinger and Gene Hart appeal the district court's grant of summary judgment against them and in favor of appellee Peat Marwick Main & Co. (PMM). Appellants claim that PMM fraudulently withheld or misrepresented information about United Education & Software, Inc. (UES), so as to inflate artificially the price of UES stock in violation of Section 10(b) of the Securities Exchange Act of 1934 and Securities and Exchange…