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JACOBSON v. AEG CAPITAL CORP.

No. 92-16603.

50 F.3d 1493 (1995)

James JACOBSON, and Arthur Fury, on behalf of themselves and all others similarly situated, et al., Plaintiffs-Appellants, v. AEG CAPITAL CORP.; Frank Maier; Gunther Ertelt; and John Does 1-10, et al., Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided March 29, 1995.

Attorney(s) appearing for the Case

James R. Malone, Jr., Chimicles, Jacobsen & Tikellis, Haverford, PA, Andrew J. Ogilvie, San Francisco, CA, for plaintiffs-appellants.

Jerome S. Hirsch, Skadden, Arps, Slate, Meagher & Flom, New York City, for defendants-appellees.

Before: POOLE, BEEZER and NELSON, Circuit Judges.

POOLE, Circuit Judge:

Plaintiffs James Jacobson and Arthur Fury (Jacobson and Fury), shareholders of Siliconix, Inc., appeal the district court's dismissal of their securities fraud action which alleged that AEG Capital Corporation (AEG) and two AEG directors had violated section 10(b) of the Securities Exchange Act of 1934 (15 U.S.C. § 78j(b)). Jacobson and Fury allege that AEG used Siliconix's Chapter 11 reorganization to fraudulently divest the ownership interests...

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