McGANN v. ERNST & YOUNG

95 F.3d 821 65 USLW 2188 , Fed. Sec. L. Rep. P 99,309 , 96 Cal. Daily Op. Serv. 6719 , 96 Daily Journal D.A.R. 10 ,983 Dollard McGANN; Barry A. Bragger; Peter Gershon; Steven G. Cooperman, M.D.; William S. Atherton; Irving Scher; Michael Patitucci, Jr.; J. Floyd Johnson; Schulman, Rogers, Gandal, Pordy & Becker, et al., Plaintiffs-Appellants, v. ERNST & YOUNG, Defendant-Appellee. Nos. 95-55925. United States Court of Appeals, Ninth Circuit. Argued and Submitted Aug. 7, 1996. Decided Sept. 9, 1996. Leonard B. Simon, Milberg, Weiss, Bershad, Hynes & Lerach, San Diego, CA, for plaintiffs-appellants. Miles N. Ruthberg, Latham & Watkins, Los Angeles, CA, for defendant-appellee. Richard H. Walker, Securities and Exchange Commission, Washington, DC, for amicus curiae. Appeal from the United States District Court for the Central District of California, Alicemarie H. Stotler, District Judge, Presiding. D.C. No. CV-93-00814-AHS. Before: FLETCHER andTASHIMA, Circuit Judges, and RESTANI, * Judge, United States Court of International Trade. FLETCHER, Circuit Judge: 1 Plaintiff securities investors appeal the grant of judgment on the pleadings for defendant Ernst & Young…