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PARETO v. F.D.I.C.

No. 97-16023.

139 F.3d 696 (1998)

Stanley PARETO; Elbert Bressie; Benjamin P. Liu; Vilja Annamaria Fritzl; John McCullough; Edith Fritzl; Heidi W. Moore; Gottfried Noel Fritzl; Wanda Hagan; Theodore Hiatt; Shih Chi Chow; Shirley C. Chow; Marilou Atencio; Anton Atencio; Gregory D. Shields; Eleanor M. Shields; Estelle Eichenberger; Jack Lutzow; Moses Noble, Jr.; Ernst Meyer; Phillip Yee; Theodore J. Saenger; Gayle I. Saenger; Jack Block; Tae Ryong Kim; Chin Soon Kim; Frank J. Schlessinger; Raymond Vernazza; Marion Gizzi; Chester R. Williams; Angelo Ferro; Linda S. Williams; Roger R. Franklin; John P. Hurabieli; Laverne Pareto; John Pareto; Muriel P. Burd; Chae Woo Lee; Hai Ja Lew; Antonio Panebianco; Cho Young Kugis; Gebhardt Kugis; Phyllis G. Zerwick; John Hartung; Arthur Holsten; Eleanor Holsten; Paul E. Kadden; Shirley J. Kadden; Thomas Kavanagh; Cunningham Arizona, a Partnership, Plaintiffs-Appellants, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver of Barbary Coast National Bank, et al., Defendants, Robert Wheeler; Dickerson Kearny; Paul Oliver; Robert Imhoff, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided March 18, 1998.

Attorney(s) appearing for the Case

Nikolai Tehin, Reilly Atkinson, Tehin & Partners, San Francisco, CA, for Plaintiffs-Appellants.

Daniel Glenn Lonergan, F.D.I.C., Washington, DC, for Defendants-Appellees; Jan T. Chilton, Lawrence A. Callaghan, Severson & Werson, San Francisco, CA, for the Defendants-Appellees.

Before: HUG, Chief Judge, and FERNANDEZ, and THOMAS, Circuit Judges.

OPINION

FERNANDEZ, Circuit Judge:

Stanley Pareto, and others in a group of former stockholders of Barbary Coast National Bank (hereafter collectively referred to as "Pareto") appeal the dismissal of a suit against certain of the bank's former directors and the Federal Deposit Insurance Corporation, the receiver for the bank. The district court dismissed the action on the basis that Pareto lacked standing. He appealed and we affirm.

BACKGROUND

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