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DURKIN v. SHEA & GOULD

Nos. 95-55432, 95-55434.

92 F.3d 1510 (1996)

Ronald L. DURKIN, Trustee of the Benchmark Irrevocable Trust, Plaintiff-Appellee, v. SHEA & GOULD; Sheldon Camhy, Defendants-Appellants. Ronald L. DURKIN, Plaintiff-Appellee, v. MILBERG, WEISS, BERSHAD, HYNES & LERACH, et al., Defendants-Appellants.

United States Court of Appeals, Ninth Circuit.

Decided August 19, 1996.

Attorney(s) appearing for the Case

Jay D. Hanson, Gray, Cary, Ware & Freidenrich, San Diego, California, for defendants-appellants Shea & Gould.

Donald G. Rez, Sullivan, Hill, Lewin & Markham, San Diego, California, for defendants-appellants Milberg Weiss et al.

Francis J. Burke, Jr., Steptoe & Johnson, Phoenix, Arizona, for plaintiff-appellee Ronald L. Durkin.

Before: O'SCANNLAIN and TROTT, Circuit Judges, and VAN SICKLE, District Judge.

O'SCANNLAIN, Circuit Judge:

In this second of two related cases1 arising out of the failure of Imperial Savings Association, we must decide whether a court-approved settlement of a shareholder derivative suit precludes a subsequent action for legal malpractice.

I

The law firm of Shea & Gould interlocutorily appeals the district court's order denying summary judgment in an action brought by Ronald L. Durkin alleging...

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