In Re Glenfed, Inc. Securities Litigation

42 F.3d 1541 63 USLW 2380 , Fed. Sec. L. Rep. P 98,475 , 30 Fed.R.Serv.3d 1416 In re GLENFED, INC. SECURITIES LITIGATION. John Paul DECKER, Arnold Cohen, Gary Haskins, Larry Schwartz, Gary F. Young, Elbridge Ruhl Graef, Trustee u/w of Charlotte R. Graef on behalf of themselves and all others similarly situated, Plaintiffs-Appellants, v. GLENFED, INC., Norman M. Coulson, Raymond D. Edwards, Dann V. Angeloff, Dean R. Bailey, Charles T. Blair, Douglas A. Clarke, Morris K. Daley, Richard O. Kearns, Walter A. Ketcham, Jean C. Roeschlaub, Jack D. Steele, Gilbert R. Vasquez, E. Gex Williams, Jr., Keith P. Russell, Jr., Defendants-Appellees. No. 92-55419. United States Court of Appeals, Ninth Circuit. Argued and Submitted August 3, 1993. Memorandum Sept. 15, 1993. Order and Opinion Nov. 15, 1993. Amended Opinion Dec. 22, 1993. Order Granting Rehearing En Banc Feb. 25, 1994. Argued and Submitted April 21, 1994. Decided Dec. 9, 1994. Arthur R. Miller, Cambridge, MA, for plaintiffs-appellants. Martin Carl Washton, Gibson, Dunn & Crutcher, Los Angeles, CA, for defendants-appellees. Edward M. Gergosian, Barrack, Rodos & Bacine, San Diego, CA, for amicus. Thomas J. Greco, American…