In Re Glenfed, Inc. Securities Litigation

60 F.3d 591 64 USLW 2080 , Fed. Sec. L. Rep. P 98,806 , 32 Fed.R.Serv.3d 144 , 95 Cal. Daily Op. Serv. 5428 , 95 Daily Journal D.A.R. 9266 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 Aug. 3, 1993. Memorandum Sept. 15, 1993. Order and Opinion Nov. 15, 1993. As Amended Opinion Dec. 22, 1993. Order Granting Rehearing En Banc Feb. 25, 1994. En Banc Decision Dec. 9, 1994. Argued and Submitted April 21, 1994. Decided July 13, 1995. Martha A. Evans & John N. Zarian, Greenfield & Chimicles, Los Angeles, CA, Kenneth A. Jacobsen, Christopher T. Reyna & Ira N. Richards, Greenfield &…