IN RE APPLE COMPUTER SECURITIES LITIGATION

No. 88-1617.

886 F.2d 1109 (1989)

In re APPLE COMPUTER SECURITIES LITIGATION. William H. SCHNEIDER; Charles Cohn; Jeanne Cohn; Albert J. Whelen, Jr.; and Estelle B. Ellis; Individuals, On Behalf of Themselves and All Others Similarly Situated, Plaintiffs-Appellants, v. John VENNARD; Delbert W. Yocam; Michael Muller; Wilfrid J. Houde; John D. Couch; Gene P. Carter; Kenneth R. Zerbe; Steven P. Jobs; A.C. Markkula, Jr.; John Sculley; Individuals; and Apple Computer Incorporated, a California corporation, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided September 25, 1989.


Attorney(s) appearing for the Case

Frederic F. Nagel III, William S. Lerach, and Leonard B. Simon, Milberg Weiss Bershad Specthrie & Lerach, San Diego, Cal., for plaintiffs-appellants.

M. Laurence Popofsky, Douglas M. Schwab, Paul W. Sugarman, Wayne Stephen Braveman, and Christopher M. Patti, Heller, Ehrman, White & McAuliffe, San Francisco, Cal., for defendants-appellees.

Before FARRIS, BOOCHEVER and HALL, Circuit Judges.


FARRIS, Circuit Judge:

This is an appeal from three orders which together granted summary judgment against plaintiffs on all of their claims under the Securities Exchange Act of 1934, 15 U.S.C. § 78a et seq. Plaintiffs allege that Apple Computer Inc. and its top officers misled the market about the capabilities and prospects of a novel office computer and disk-drive system. They claim that they purchased Apple stock...

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