VAUGHN v. TELEDYNE, INC.

No. 78-2309.

628 F.2d 1214 (1980)

R. Eugene VAUGHN, G. Kenneth Vaughn, Eugene W. Vaughn, Glenn A. Vaughn and Marilyn Anne Swindall, Plaintiffs-Appellants, v. TELEDYNE, INC., a Delaware corporation, Henry E. Singleton, George A. Roberts, George Kozmetsky, Robert C. Jackson, Arthur Rock and Claude E. Shannon, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided September 17, 1980.


Attorney(s) appearing for the Case

Walter H. Drane, Schurmer, Drane, Bullis & McCarthy, Los Angeles, Cal., for plaintiffs-appellants.

Kenneth R. Heitz, William A. Masterson, Los Angeles, Cal., for defendants-appellees.

Before CHOY and ANDERSON, Circuit Judges, and SMITH, District Judge.


CHOY, Circuit Judge:

Appellants filed a complaint alleging violations of sections 10(b) and 14(e) of the Securities Exchange Act of 1934 (the Act), 15 U.S.C. §§ 78j(b), 78n(e), and Rule 10b-5 of the Securities and Exchange Commission (SEC) regulations, 17 C.F.R. § 240.10b-5; fraud; and breach of a fiduciary duty by Teledyne and several of its directors. The district court granted summary judgment in favor of appellees. We affirm.

I. Facts...

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