SECURITIES INVESTOR PROTECTION CORP. v. VIGMAN

Nos. 89-55094, 89-55128.

908 F.2d 1461 (1990)

SECURITIES INVESTOR PROTECTION CORPORATION, Plaintiff-Appellant, v. Seymour VIGMAN, et al., Defendants, and Robert G. Holmes, Jr., Defendant-Appellee. Eugene W. BELL, Trustee for the liquidation of Joseph Sebag Incorporated ("Bell"); Laurence A. Schroeder, Successor Trustee for the Liquidation of First State Securities Corporation ("Schroeder"), Plaintiffs-Appellants, v. Seymour VIGMAN, et al., Defendants, and Robert G. Holmes, Jr., Defendant-Appellee.

United States Court of Appeals, Ninth Circuit.

Decided August 3, 1990.


Attorney(s) appearing for the Case

G. Robert Blakey, Notre Dame Law School, Notre Dame, Ind., Stephen C. Taylor, Sheppard, Mullin, Richter & Hampton, Los Angeles, Cal., and C. Edward Simpson, Jones, Bell, Simpson & Abbott, Los Angeles, Cal., for plaintiffs-appellants.

Jack I. Samet, Buchalter, Nemer, Fields & Younger, Los Angeles, Cal., for defendant-appellee.

Daniel L. Goelzer, Gen. Counsel, Paul Gonson, Solicitor, Jacob H. Stillman, Assoc. Gen. Counsel, Thomas L. Riesenberg, Asst. Gen. Counsel, Lucinda O. McConathy, Senior Sp. Counsel, Robert L. McCloskey, Securities and Exchange Com'n, Washington, D.C., for amicus curiae.

Before SCHROEDER, THOMPSON and TROTT, Circuit Judges.


DAVID R. THOMPSON, Circuit Judge:

The district court granted summary judgment in favor of defendant Holmes in this suit brought by the Securities Investor Protection Corporation ("the SIPC") and trustees of defunct stock brokerage firms. The SIPC and the trustees sued to recover losses allegedly sustained as a result of a conspiracy to manipulate the prices of stocks of publicly traded corporations. The district court concluded that the SIPC did not have standing...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases