Fecht v. Price Company

70 F.3d 1078 Fed. Sec. L. Rep. P 98,946, 33 Fed.R.Serv.3d 658 , 95 Cal. Daily Op. Serv. 8802 , 95 Daily Journal D.A.R. 15 ,422 Max FECHT, On behalf of himself and all others similarly situated; Errol Marcus; Norman Cooper; Hamilton J. Sah, et al., Plaintiffs-Appellants, v. The PRICE COMPANY; Robert W. Price; Dennis R. Zook; Theodore Wallace, et al., Defendants-Appellees. No. 93-55541. United States Court of Appeals, Ninth Circuit. Argued and Submitted Oct. 4, 1994. Submission Withdrawn Oct. 20, 1994. Resubmitted Jan. 3, 1995. Decided Nov. 20, 1995. William S. Lerach, Eric A. Isaacson & Dennis Stewart, Milberg, Weiss, Bershad, Hynes & Lerach, San Diego, California, for plaintiffs-appellants. Gerald L. McMahon, James P. Delphey, Seltzer, Caplan, Wilkins & McMahon, San Diego, California, for defendants-appellees. Appeal from the United States District Court for the Southern District of California. Before: D.W. NELSON, NORRIS, and BOGGS, * Circuit Judges. WILLIAM A. NORRIS, Circuit Judge: 1 Plaintiffs appeal the district court's dismissal of their securities fraud action on the grounds that it failed to meet the requirements of Fed.R.Civ.P. 12(b)(6) and 9(b). We review the…