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MONROE v. HUGHES

No. 92-35306.

31 F.3d 772 (1994)

James G. MONROE and Penelope E. Monroe, individually and on behalf of all similarly situated persons, Plaintiffs-Appellants, v. Gary C. HUGHES; Thomas R. Hudson; and Deloitte & Touche, fka Deloitte, Haskins & Sells, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided July 21, 1994.

Attorney(s) appearing for the Case

Karen Kennard, McCutchen, Doyle, Brown & Enersen, San Francisco, CA, and Eric H. Fisher, Associate Gen. Counsel, New York City, for defendant-appellee Deloitte & Touche.

Henry Kantor, Kantor and Sacks, Portland, OR, and Keith E. Tichenor, Pozzi, Wilson, Atchison, O'Leary & Conboy, Portland, OR, for plaintiffs-appellants.

Before: BROWNING, SCHROEDER and HALL, Circuit Judges.

SCHROEDER, Circuit Judge:

In this suit, investors in a failed company allege various Securities Act violations. The defendants include an accounting firm that provided the audit report accompanying the prospectus for the securities purchased by the plaintiffs. The plaintiffs claim that the accountants violated § 11 of the Securities Act of 1933, 15 U.S.C. § 77k, and § 10(b) of the Securities and Exchange Act of 1934, 15 U.S.C. § 78j(b), as well...

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