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GAINES v. HAUGHTON

Nos. 79-3336, 79-3516.

645 F.2d 761 (1981)

Ora E. GAINES, Plaintiff-Appellant, v. D. J. HAUGHTON et al., Defendants-Appellees. Lois A. and James FITZPATRICK, Plaintiffs-Appellants, v. D. J. HAUGHTON et al., Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided May 18, 1981.

Rehearing and Rehearing Denied July 10, 1981.

Attorney(s) appearing for the Case

Carlyle W. Hall, Jr., Los Angeles, Cal., for plaintiff-appellant.

Seth M. Hufstedler, Beardsley, Hufstedler & Kemble, Los Angeles, Cal., for defendants-appellees; W. Scott Burke, McCutchen, Doyle, Brown & Enersen, San Francisco, Cal., on brief.

Before ELY and FARRIS, Circuit Judges, and SOLOMON, District Judge.

Rehearing and Rehearing En Banc Denied July 10, 1981.

ELY, Circuit Judge:

Ora E. Gaines, the plaintiff-appellant herein, appeals from an order of dismissal and summary judgment for defendants (Lockheed Aircraft Corporation and a number of former and present directors and officers of Lockheed) in a shareholder lawsuit alleging both derivative claims of breach of fiduciary duty/waste of corporate assets and class action...

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