CLARK v. WATCHIE

No. 74-1382.

513 F.2d 994 (1975)

Richard A. CLARK et al., Plaintiffs-Appellants, v. H. R. WATCHIE et al., Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

April 2, 1975.


Attorney(s) appearing for the Case

Joseph C. McKinnon (argued), Seattle, Wash., for plaintiffs-appellants.

William Wesselhoeft (argued), and Payton Smith, Seattle, Wash., for defendants-appellees.

Before CHAMBERS and WRIGHT, Circuit Judges, and THOMPSON, District Judge.


OPINION

BRUCE R. THOMPSON, District Judge:

This appeal is from a summary judgment in favor of Defendants-Appellees. The district court held that the doctrines of res judicata and collateral estoppel preclude a 10b-5 suit subsequent to a state court judgment in a partnership accounting suit. The Court also denied class status to Plaintiffs-Appellants. We reverse the first determination and affirm the second.

H. R. Watchie was President of H. R. Watchie...

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