In Re: Lyondell Petrochemical Company Securities Litigation

984 F.2d 1050 61 USLW 2500 , Fed. Sec. L. Rep. P 97,335 In re: LYONDELL PETROCHEMICAL COMPANY SECURITIES LITIGATION. Joseph H. LEVIT; Walter Bely; Elsie Bely; The Elsie Bely IRA; Lucy Feder; Rosalind Jacobson; Ronald Kassover; Hedy-Ann Kassover, Plaintiffs-Appellants, v. LYONDELL PETROCHEMICAL COMPANY; Bob G. Gower; Fred P. Rullo; Dan F. Smith; Robert E. Wycoff; Atlantic Richfield Co.; Camron Cooper; James S. Morrison; Robert M. Shea; Joseph A. Putz; William T. Butler; Dudley C. Mecum; Paul R. Staley; Goldman Sachs & Co.; Salomon Bros., Inc., Defendants-Appellees. No. 91-55899. United States Court of Appeals, Ninth Circuit. Argued and Submitted Oct. 5, 1992. Decided Jan. 29, 1993. Leonard B. Simon and Alan Schulman, Milberg, Weiss, Bershad, Spechthrie & Lerach, San Diego, CA, for plaintiffs-appellants. Ronald C. Redcay, Arnold & Porter; Thomas K. Braun, O'Melveny & Myers, Los Angeles, CA, for defendants-appellees. Appeal from the United States District Court for the Central District of California. Before: POOLE, FERNANDEZ, and T.G. NELSON, Circuit Judges. T.G. NELSON, Circuit Judge: 1 This appeal arises from a class-action securities fraud suit against Lyondell…