GUENTHER v. COOPER LIFE SCIENCES, INC.

No. C-89-1823 MHP.

759 F.Supp. 1437 (1990)

George R. GUENTHER, James L. Krum, Darwin J. Monson, Kenneth J. Perrington, Edward W. Reed, Fred H. Roberts, Richard Volkmann, George Fox, Douglas A. Florine, and John H. Richter, on behalf of themselves and all others similarly situated and derivatively on behalf of Cooper Life Sciences, Inc., Plaintiffs, v. COOPER LIFE SCIENCES, INC.; The Cooper Companies, Inc.; Cooper Development Company; Parker G. Montgomery; A. Kenneth Nilsson; Charles Crocker; Robert W. Jamplis; Barbara Hunter Foster, as Executrix of the Estate of Hugh K. Foster; Michael Mitzmacher; Joseph A. Dornig; Martin M. Koffel; Richard W. Turner; John M. Vuko; Randolph B. Stockwell; Hambrecht & Quist, Inc.; Peat, Marwick Main & Co.; Gryphon Associates, L.P.; and The Gryphon Management Group, Ltd., Defendants.

United States District Court, N.D. California.

December 12, 1990.


Attorney(s) appearing for the Case

Vance K. Opperman, Richard A. Lockridge, W. Joseph Bruckner, Opperman & Paquin, Vernon J. Vander Weide, Head, Hempel, Seifert & Vander Weide, Minneapolis, Minn., Jack Corinblit, Marc M. Seltzer, Corinblit, Shapero & Seltzer, Los Angeles, Cal., for plaintiffs.

Denise M. Amantea, Jared L. Kopel, Valerie D. Lewis, Elizabeth Roth, Wilson, Sonsini, Goodrich & Rosati, Palo Alto, Cal., for Cooper Development Co., Gryphon Associates, L.P., Gryphon Management Group, Ltd., Cooper Life Sciences, Inc., Parker G. Montgomery, A. Kenneth Nilsson, Charles Crocker, Robert W. Jamplis, Barbara Hunter Foster, Michael Mitzmacher, Joseph A. Dornig, Martin M. Koffel, Richard W. Turner, John M. Vuko, Randolph B. Stockwell.

Melvin R. Goldman, Darryl P. Rains, Jordan Eth, Morrison & Foerster, San Francisco, Cal., for Hambrecht & Quist, Inc.

Boake Christensen, Richard North Patterson, Charlene S. Shimada, Charmaine F. Mesina, McCutchen, Doyle, Brown & Enersen, San Francisco, Cal., for Peat Marwick Main & Co.

Walter C. Robinson, III, Emmett C. Stanton, Ellyn Freed, Pillsbury, Madison & Sutro, San Francisco, Cal., for Cooper Companies, Inc.

Marvin D. Morgenstein, Lee Ann Huntington, Morgenstein & Jubelirer, San Francisco, Cal., for Martin M. Koffel, Richard W. Turner, John M. Vuko.


OPINION

PATEL, District Judge.

Plaintiff investors brought this putative class action alleging violations of the Securities Act of 1933 and the Securities Exchange Act of 1934, including a claim under section 11 of the Securities Exchange Act of 1933, 15 U.S.C. § 77k, and pendent state claims, including a negligence claim against defendant KPMG Peat Marwick ("Peat Marwick"). The parties are now before the court on defendant Peat Marwick's motion for...

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