WILLIAMS v. SINCLAIR

Nos. 73-3166, 73-3169.

529 F.2d 1383 (1975)

Charles E. WILLIAMS, Plaintiff-Appellant, v. James N. SINCLAIR et al., Defendants-Appellees. Dan R. CARLSON and Frank Yazzolino, Plaintiffs-Appellants, v. James N. SINCLAIR et al., Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

As Amended on Denial of Rehearing and Rehearing March 29, 1976.


Attorney(s) appearing for the Case

William B. Murray (argued), Portland, Or., for plaintiffs-appellants.

Barnes H. Ellis (argued), Davies, Biggs, Strayer, Stoel & Boley, Leigh D. Stephenson (argued), Hall & Novack, Portland, Or., for defendants-appellees.

Before KOELSCH and ELY, Circuit Judges, and VOORHEES, District Judge.


As Amended on Denial of Rehearing and Rehearing En Banc March 29, 1976.

OPINION

VOORHEES, District Judge:

Plaintiffs appeal from the dismissal with prejudice of their securities fraud actions. For the reasons stated below, we reverse and remand.

Data Pacific Corporation (Data Pacific) was incorporated in 1967 under Oregon law in order that it might enter the burgeoning field of data processing. Its stock was first offered and sold to the...

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