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McGREGHAR LAND COMPANY v. MEGUIAR

No. 72-2378.

521 F.2d 822 (1975)

McGREGHAR LAND COMPANY, a corporation, Plaintiff and Appellant, v. Maurice W. MEGUIAR et al., Defendants and Appellees.

United States Court of Appeals, Ninth Circuit.

August 21, 1975.

Attorney(s) appearing for the Case

Sherman Welpton, Jr. (argued), Los Angeles, Cal., for plaintiff and appellant.

Daniel B. Condon (argued), Pasadena, Cal., for defendant and appellee.

Before CHAMBERS and DUNIWAY, Circuit Judges, and EAST, District Judge.

OPINION

CHAMBERS, Circuit Judge.

McGreghar Land Company (hereinafter "McGreghar") brought this action against Maurice, Malcolm, Kenneth, and Barry Meguiar and a partnership and a corporation controlled by them (hereinafter "defendants"). McGreghar alleged that the defendants had by means of misrepresentations induced it to buy an interest in a limited partnership known as Meguiar Enterprises, in violation of § 10(b) of the Securities Exchange Act of...

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