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ISAACS BROTHERS COMPANY v. HIBERNIA BANK

No. 71-1512.

481 F.2d 1168 (1973)

ISAACS BROTHERS COMPANY, Plaintiff-Appellant, v. The HIBERNIA BANK et al., Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

July 19, 1973.

Attorney(s) appearing for the Case

John G. Sobieski (argued), Los Angeles, Cal., for plaintiff-appellant.

Moses Lasky (argued), of Brobeck, Phleger & Harrison, William H. Orrick, Jr., of Orrick, Herrington, Rowley & Sutcliffe, San Francisco, Cal., for defendants-appellees.

Before BROWNING and CHOY, Circuit Judges, and TAYLOR, District Judge.

CHOY, Circuit Judge:

Isaacs Brothers Corp. (Isaacs), a shareholder in the Hibernia Bank (Bank), filed this class action on behalf of all the shareholders of the Bank against the Bank and three of its directors. Isaacs alleged that the Bank was soliciting shareholder votes by means of allegedly false and misleading proxy statements in violation of § 14(a) of the Securities Exchange Act, 15 U.S.C. § 78n(a) and Federal Deposit Insurance Corporation regulation...

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