AIZUSS v. COMMONWEALTH EQUITY TRUST

Civ. No. S-93-712 DFL PAN.

847 F.Supp. 1482 (1993)

Robert and Donna AIZUSS, et al., Plaintiffs, v. COMMONWEALTH EQUITY TRUST, et al., Defendants.

United States District Court, E.D. California.

December 21, 1993.


Attorney(s) appearing for the Case

Michael Andrew Bishop, Matheny Poidmore and Sears, Sacramento, CA, for plaintiffs Shaun T. Gloude, Shaun Tara Gloude, P.C.

Richard G. Osborn, Osborn and Associates, Los Angeles, CA, for defendant Stephen H. Gold.

Frederic A. Fudacz, Thomas D. Long, Jean Spitzer, John D. Adkisson, Nossaman Guthner Knox and Elliott, Los Angeles, CA, for defendants William D. Markenson and Nossaman, Gunther, Knox & Elliott.

Dean S. Krystowski, Shearman and Sterling, San Francisco, CA, for defendants Tjarda Clagett and Merrill Lynch BFS.

Alan G. Perkins, Matthew W. Powell, Paul A. Dorris, Wilke Fleury Hoffelt Gould and Birney, Sacramento, CA, for defendants KPMG Peat Marwick and Leland King.

William I. Edlund, William O. Fisher, Morgan R. Smock, Pillsbury Madison and Sutro, San Francisco, CA, for defendants Jeffrey B. Berger and Howard E. Cohn.

Carrie Lee Early, Brodovsky and Brodovsky, Sacramento, CA, for defendants B & B Property and Joyce Berger.

Alvin R. Wohl, Robin Kerry Perkins, Wohl and Eggleston, Sacramento, CA, for defendants Doris V. Alexis, Richard Rathfon, Albert S. Rodda and Sonia Allen, sued as Sonia Sworak.

William B. Brodovsky, Carrie-Lee Early, Brodovsky and Brodovsky, Sacramento, CA, for Joyce Berger and B & B Property Inv. Development and Management Co., Inc.


MEMORANDUM OF DECISION AND ORDER

LEVI, District Judge.

Plaintiffs are 163 shareholders of defendant Commonwealth Equity Trust ("CET"), a California Real Estate Investment Trust. They bring this action against CET, as well as several of CET's past and present trustees, its investment advisors, attorneys, investment bankers, and accountant.

Plaintiffs assert twelve causes of action in their first amended complaint. Three of the claims for relief...

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