Silber v. Mabon

18 F.3d 1449 62 USLW 2596 , Fed. Sec. L. Rep. P 98,115 Joy SILBER, on behalf of herself and all others similarly situated, Plaintiff-Appellee, Arthur P. Argyris, Class Member, Plaintiff-Appellant, v. Stuart P. MABON; Dundas I. Flaherty; Eugene F. Hovanec; Ericson M. Dustan; Edwin P. Heacox; and Micropolis Corporation, Defendants-Appellees. No. 92-56004. United States Court of Appeals, Ninth Circuit. Argued and Submitted Feb. 3, 1994. Decided March 15, 1994. Lionel Z. Glancy, Santa Monica, CA, for plaintiff-appellant. Herbert E. Milstein, Cohen, Milstein, Hausfeld & Toll, Washington, DC (argued), and Michael S. Glassman, Clemens, Glassman and Clemens, Los Angeles, CA (signed the briefs), for plaintiff-appellee Joy Silber. William J. Meeske and Jennifer Upham Saunders, Latham & Watkins, Los Angeles, CA, for defendants-appellees. Appeal from the United States District Court for the Central District of California. Before: SNEED, THOMPSON, and RYMER, Circuit Judges. RYMER, Circuit Judge: 1 Arthur P. Argyris was an absent member of a securities class action whose stock in Micropolis Corporation was held in street name by PaineWebber, Inc., his broker. He did not receive notice…