ABBEY v. COMPUTER MEMORIES, INC.

No. C-85-4892-EFL.

634 F.Supp. 870 (1986)

Steven ABBEY, On Behalf of Himself and All Others Similarly Situated, Plaintiff, v. COMPUTER MEMORIES, INC., Irwin Rubin, Raymond Brooke, Abraham Brand, Frederic A. Heim, Marshall Butler, Laurence Hootnick, Ted H. McCourtney, Jr., Frederic T. Boyer and Intel Corporation, individually; Prudential-Bache Securities, Inc., Ladenburg Thalmann & Company, Inc. and Cable Howse & Ragen, individually and as representatives of a defendant class, Defendants.

United States District Court, N.D. California.

May 13, 1986.


Attorney(s) appearing for the Case

Robert N. Kaplan, Kaplan, Kilsheimer & Foley, Edward A. Grossmann, Bernstein, Litowitz Berger & Grossmann, New York City, John E. Grasberger, Milberg Weiss Bershad Specthrie & Lerach, San Diego, Cal., Sherrie R. Savett, Berger & Montague, Philadelphia, Pa., John W. Allured, David B. Gold, A.P.C., San Francisco, Cal., for plaintiff.

J. Kelley Nevling, Jr., Rosenman Colin Freund Lewis & Cohen, New York City, Richard B. Glickman, Rosenman Colin Freund Lewis & Cohen, San Francisco, Cal., Howard R. Cabot, H. Michael Clyde, Brown & Bain, P.A., Phoenix, Ariz., Chris R. Ottenweller, Andrew J. Wistrich, Brown & Bain, Palo Alto, Cal., for defendants.


PARTIAL SUMMARY JUDGMENT

LYNCH, District Judge.

I. Background

Defendants in this case have brought a motion for summary judgment on Count I of plaintiff Abbey's complaint.1 Count I asserts a claim under section 11 of the Securities Act of 1933, 15 U.S.C. § 77k(a) ("section 11"). Defendants argue that they are entitled to summary judgment on Count I because, among other reasons, Abbey cannot possibly trace his shares...

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