In Re Melridge, Inc. Securities Litigation. Peter Baker Janet Baker Sheffield R. Phelps, a Resident of Washington Charles Chidsey Muriel W. Chidsey v. George R. Heublein, and Gordon H. Flattum

81 F.3d 169 RICO Bus.Disp.Guide 9022 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. In re MELRIDGE, INC. SECURITIES LITIGATION. Peter BAKER; Janet Baker; Sheffield R. Phelps, a resident of Washington; Charles Chidsey; Muriel W. Chidsey, Plaintiffs/Appellees, v. George R. HEUBLEIN, et al., Defendants, and Gordon H. Flattum, Defendant/Appellant. No. 93-36184. United States Court of Appeals, Ninth Circuit. Submitted June 9, 1996. * Decided March 27, 1996. 1 Before: CANBY, REINHARDT and HALL, Circuit Judges ** . 2 Defendant Gordon H. Flattum appeals a judgment of $239,533,916 entered against him and other defendants in this securities class action. The facts underlying this litigation are known to the parties and will not be repeated here. The district court entered summary judgment against Flattum on the question of liability under section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), Rule 10b-5 of the Securities Exchange Commission, 17 C.F.R. §…