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HAUSER v. FARRELL

No. 91-16400.

14 F.3d 1338 (1994)

Willis V. HAUSER, Rafael Acosta, Plaintiffs-Appellants, v. John FARRELL, Alvin Harvey, Rauscher, Pierce, Refsnes, Inc., a California Corporation, Janice Industries, Inc., d/b/a Janmar Lighting, a California Corporation, Truman Aubrey, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided January 14, 1994.

Attorney(s) appearing for the Case

Richard McKnight, Las Vegas, NV, for plaintiffs-appellants.

Rodney M. Jean, Evan J. Wallach, Lionel Sawyer & Collins, Las Vegas, NV, for defendant-appellee Rauscher, Pierce, Refsnes, Inc.

Before: NORRIS, BEEZER and KLEINFELD, Circuit Judges.

KLEINFELD, Circuit Judge:

Appellants Hauser and Acosta invested in a business venture with two stockbrokers at Rauscher, Pierce, a securities brokerage firm. The venture failed. The appellants sued the stockbrokers and the firm, and obtained a judgment against the stockbrokers based on fraud. The appellants proposed several theories of vicarious liability to hold the brokerage firm liable, but the district court granted summary judgment in favor of the firm on the...

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