Litton Industries, Inc. by Wildflower Partnership v. Hoch

996 F.2d 1225 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. LITTON INDUSTRIES, INC., by The WILDFLOWER PARTNERSHIP; William B. Weinberger, Shareholders Suing Derivatively and in Their Own Capacity, Plaintiffs-Appellants, v. Orion L. HOCH; Roland O. Peterson; Joseph T. Casey; Joseph F. Caligiuri, et al., Defendants-Appellees. and Litton Industries, Inc., Nominal Defendant. No. 91-56528. United States Court of Appeals, Ninth Circuit. Argued and Submitted April 8, 1993. Decided July 2, 1993. Before: FARRIS, NORRIS AND REINHARDT, Circuit Judges. 1 MEMORANDUM * 2 The plaintiffs filed a shareholder derivative suit against the officers and directors of Litton Industries, Inc., claiming that they caused or permitted a pervasive pattern of wrongdoing. The plaintiffs alleged violations of 1) RICO; 2) the proxy provisions of §§ 14(a) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78n(a), and Rule 14a-9; and 3) the prohibitions against unfair…