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COOPER v. PICKETT

No. 95-55657.

137 F.3d 616 (1997)

Norman COOPER; Barry Roseman, M.D., P.C. Profit Sharing Plan; Theodore Deconne; Michael Dennis; Michael Kessler, on behalf of themselves and a class of all others similarly situated, Plaintiffs-Appellants, v. Michael D. PICKETT; Merisel, Inc.; Robert F. Leff; David Wagman; James L. Brill; John J. Connors; John F. Thompson; Lehman Brothers; Robinson-Humphrey Company; Deloitte & Touche, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided August 8, 1997.

As Amended On Denial of Rehearing and Rehearing January 30, 1998.

Attorney(s) appearing for the Case

William S. Lerach, Milberg Weiss Bershad Hynes & Lerach, San Francisco, California, for plaintiffs-appellants.

Joseph P. Mascovich, Crosby, Heafey, Roach & May, Oakland, California; Hugh S. Wilson, Latham & Watkins, Los Angeles, California; Bruce G. Vanyo, Wilson, Sonsini, Goodrich & Rosati, Palo Alto, California; Robert A. Meyer, Los Angeles, California, for defendants-appellees.

Before: FLETCHER, BEEZER, and KLEINFELD, Circuit Judges.

As Amended On Denial of Rehearing and Rehearing En Banc January 30, 1998.

FLETCHER, Circuit Judge:

Norman Cooper, on behalf of a class of shareholders, appeals the district court's dismissal with prejudice of his second amended class action complaint, alleging securities law violations against Merisel, Inc., various Merisel officers and directors, and its accountants and underwriters. We reverse and remand.

FACTS

Merisel, Inc. is the largest...

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