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NELSON v. SERWOLD

No. 79-4662.

687 F.2d 278 (1982)

Kenneth N. NELSON, Plaintiff-Appellant, v. O. E. SERWOLD and Helen Serwold, his wife, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided February 1, 1982.

As Amended on Denial of Rehearing September 8, 1982.

Attorney(s) appearing for the Case

William D. Cameron, Williams, Lanza, Kastner & Gibbs, Seattle, Wash., for plaintiff-appellant.

William A. Helsell, Seattle, Wash., for defendants-appellees.

Before SKOPIL and POOLE, Circuit Judges, and KENYON, District Judge.

POOLE, Circuit Judge.

The district court found and another panel of this court affirmed that in 1965 O. E. Serwold had purchased from the Estate of Nels Nelson, the appellant's father, 36 shares of stock in violation of Section 10(b) of the Securities Exchange Act of 1934. The district court computed damages as the difference between the price paid and the fair market value of the stock within a reasonable time period thereafter. On appeal this court reversed the...

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