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MOORHEAD v. MERRILL LYNCH

No. 91-1192.

949 F.2d 243 (1991)

John MOORHEAD, Frank S. Farrell, individually and on behalf of others similarly situated, Appellants, Charterhouse, Inc., v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC., Piper Jaffray & Hopwood, Inc., Touche Ross & Co., Appellees.

United States Court of Appeals, Eighth Circuit.

Decided November 8, 1991.

Attorney(s) appearing for the Case

Samuel D. Heins, Minneapolis, Minn., argued (Martin D. Munic, Minneapolis, Minn., and Herbert E. Milstein and Lisa M. Mezzetti, Washington, D.C., on brief), for appellants.

Michael J. Bleck, Minneapolis, Minn., argued (Craig W. Gagnon and Laurel A. Graham, on brief), for appellee.

Before LAY, Chief Judge, HENLEY, Senior Circuit Judge, and McMILLIAN, Circuit Judge.

McMILLIAN, Circuit Judge.

John Moorhead and Frank S. Farrell (hereinafter plaintiffs), individually and on behalf of other purchasers of bonds used to finance construction of a residential retirement center, appeal from a final order entered in the District Court1 for the District of Minnesota granting summary judgment in favor of Touche Ross & Co. (hereinafter defendant). Moorhead v. Merrill Lynch, Pierce, Fenner & Smith, Inc...

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