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KOCH v. HANKINS

Docket No. A048485.

223 Cal.App.3d 1599 (1990)

273 Cal. Rptr. 442

FLOYD KOCH et al., Plaintiffs and Appellants, v. EDWARD HANKINS et al., Defendants and Respondents.

Court of Appeals of California, First District, Division Three.

September 25, 1990.

Attorney(s) appearing for the Case

COUNSEL

Wilson, Ryan & Campilongo, Andrew H. Wilson and Stuart A. Knowles for Plaintiffs and Appellants.

Montie S. Day, Jon R. Vaught and Cynthis Beier Prada for Defendants and Respondents.

OPINION

WHITE, P.J.

In this action we consider whether the dismissal of a federal securities fraud action, on the basis that the investments were not securities, bars a subsequent state court action for common law fraud and legal malpractice. We hold that the federal court's summary adjudication did not bar the state claims.

PROCEDURAL HISTORY1

On May 20, 1988, plaintiffs filed a complaint...

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