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WEST v. MULTIBANCO COMERMEX, S.A.

Nos. 85-2162 to 85-2164.

807 F.2d 820 (1987)

Jack WEST, Leroy Swanson, and Margarety Swanson, for themselves and on behalf of all other similarly situated, Plaintiffs-Appellants, v. MULTIBANCO COMERMEX, S.A., a corp., Defendant-Appellee. Philip B. THOMPSON, Anrienne S. Thompson, Donald S. Logan, Etta A. Logan, for themselves and on behalf of all others similarly situated, Plaintiffs-Appellants, v. BANCOMER, S.N.C., a corp., Defendant-Appellee. George M. DAVIES, June H. Davies, Anthony J. Greco, Evelyn A. Greco, for themselves and on behalf of all others similarly situated, Plaintiffs-Appellants, v. BANCO NACIONAL DE MEXICO, S.A. aka Banamex, a corp., Defendant-Appellee.

United States Court of Appeals, Ninth Circuit.

Decided January 6, 1987.

Attorney(s) appearing for the Case

R.J. Wolf, San Rafael, Cal., for plaintiffs-appellants.

Robert Ehrenbard, Kelley, Drye & Warren, Manuel R. Angulo, Curtis, Mallet-Prevost, Colt & Mosle, New York City, David W. Steuber, Paul, Hastings, Janofsky & Walker, Los Angeles, Cal., for defendant-appellee.

Before GOODWIN, HUG, and REINHARDT, Circuit Judges.

REINHARDT, Circuit Judge:

In these consolidated cases, plaintiffs, individual U.S. investors who purchased peso- and dollar-denominated certificates of deposit from defendant banks, appeal the district court's grant of a motion for summary judgment. We affirm.

Jack West and his fellow investors responded to solicitations inviting U.S. citizens and residents to purchase peso- and dollar-denominated certificates of deposit issued by the Mexican banks. Beginning...

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