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NUMRICH v. GLEASON

Civ. No. 88-140-MA.

700 F.Supp. 512 (1988)

Edgar T. NUMRICH, Ben and Jo Ann Bleich, Jay Bleich, William B. Borgeson, Richard T. Charlton, Shirley Harris, Laura Laubenthal Robert J. Laubenthal, Marion McCown, John P. Nelson, Patricia Numrich, Jack L. Rainey, Margaret Rainey, W. Boyd Smith, Mrs. W. Boyd Smith, Craig Vallely, and Kelly Waller, Plaintiffs, v. A.M. GLEASON, E.B. Galligan, John H. Geiger, Pacific Telecom, Inc., a Washington corporation, American Network, Inc., an Oregon corporation, CP National Corporation, a California corporation, Ford Aerospace and Communications Corporation, a Michigan corporation, and Price Waterhouse, a partnership, Defendants.

United States District Court, D. Oregon.

June 10, 1988.

Attorney(s) appearing for the Case

Nicholas I. Goyak, Hanna, Urbigkeit, Jensen, Goyak & O'Connell, P.C., Portland, Or., for plaintiffs.

Barnes H. Ellis, Stephen L. Griffith, Joyce Ann Harpole, Stoel, Rives, Boley, Jones & Grey, Portland, Or., for defendants Pacific Telecom, Inc., Gleason and Geiger.

Thomas A. Balmer, Mark A. Turner, Lindsay, Hart, Neil & Weigler, Portland, Or., for defendants E.B. Galligan and American Network, Inc.

Douglas M. Ragen, Julie R. Vacura, Miller, Nash, Wiener, Hager & Carlsen, Portland, Or., for defendant Price Waterhouse.

Roland F. Banks, Schwabe, Williamson & Wyatt, Portland, Or., for defendant Ford Aerospace and Communications Corp.

Michael James Lilly, Spears, Lubersky, Campbell, Bledsoe, Anderson & Young, Portland, Or., for defendant CP National Corp.

OPINION

MARSH, District Judge.

Plaintiffs, current and former minority public shareholders of American Network, Inc., (AmNet) bring this action alleging securities law violations, Rackeeteering Influenced and Corrupt Organization Act violations (RICO) (18 U.S.C. § 1962), and state common law claims. Plaintiffs contend that since the investment of Pacific Telecom, Inc. (PTI) in AmNet in 1984, PTI and defendant Gleason, have directed and controlled AmNet...

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