Larry G. Thornton Herminia v. Thornton v. Shearson Lehman Hutton, Inc., a Delaware Corporation A. Joseph Denhart Robert Cummings

Good Law
8 F.3d 30·1993 WL 425961·1993 U.S. App. LEXIS 35381
United States Court of Appeals for the Ninth CircuitOctober 21, 199392-35116California871 words

Opinion

Opinion

8 F.3d 30 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. Larry G. THORNTON; Herminia V. Thornton, Plaintiffs-Appellants, v. SHEARSON LEHMAN HUTTON, INC., a Delaware corporation; A. Joseph Denhart; Robert Cummings, Defendants-Appellees. No. 92-35116. United States Court of Appeals, Ninth Circuit. Argued and Submitted Oct. 7, 1993. Decided Oct. 21, 1993. Before: GOODWIN, SCHROEDER and PREGERSON, Circuit Judges. 1 MEMORANDUM * 2 The Thorntons, investors with a brokerage firm, appeal from a final order denying their application to modify an arbitration award. Their suit against the brokerage firm alleged fraud, breach of duty, and violations of federal and Washington state securities laws, the Washington State Consumer Protection Act and the federal RICO act. We affirm. 3 An arbitration panel awarded damages which more than covered their out of pocket losses, but denied the claims for attorney's fees, costs, treble damages and punitive damages. The central issue on appeal is…

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