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IN RE BANKAMERICA CORP. SECURITIES LITIGATION

No. 00-2255.

263 F.3d 795 (2001)

In re: BANKAMERICA CORPORATION SECURITIES LITIGATION, Allison Desmond; Bruce O'Such; Dr. Herman Shyken; Mark Luniewski; Ted Kraftsow; Ernesto Gumapas; Sidney Sorkin; Richard Levy; Lani Rothstein; Neil Koni, Appellants, Earl J. Gates; Kevin Kloster; Joseph Hempen; Robert Hepwroth; John M. Koehler; David P. Oetting; Pamela Wootton; David Fike; Selma Kaiser; Brian Markee; Walter E. Ryan, Jr.; Patricia A. Thomas, Plaintiffs-Appellees, v. BankAmerica Corporation; Hugh L. McColl, Jr.; James H. Hance, Jr.; David A. Coulter; Michael E. O'Neill; John J. Higgins; Marc D. Oken; Bank of America, Defendants-Appellees. Charles E. Rice; Ray C. Anderson; Rita Bornstein; B. A. Bridgewater, Jr.; Thomas E. Capps; Alvin R. Carpenter; Charles W. Coker; Thomas G. Cousins; Andrew B. Craig, III; Allan T. Dickson; Paul Fulton; C. Ray Holman; W. W. Johnson; Kenneth D. Lewis; Russell W. Meyer, Jr.; Richard B. Priority; John C. Slane; O. Temple Sloan, Jr.; Meredith R. Spangler; Albert E. Suter; Ronald Townsend; Jackie M. Ward; John A. Williams; Virgil R. Williams; Joseph Alibrandi; Peter Bedford; Richard Clarke; Timm Crull; Kathleen Feldstein; Donald Guinn; Frank Hope, Jr.; Walter Massey; Sanford Robertson; Richard Rosenberg; Michael Spence; Solomon Trujillo; Shirley Young, Defendants, Joseph Hempen; John M. Koehler; David P. Oetting; Kevin Kloster; Selma Kaiser; Walter E. Ryan, Jr.; Brian Markee, Appellees.

United States Court of Appeals, Eighth Circuit.

Filed: August 24, 2001.

As Amended: October 3, 2001.

Rehearing and Rehearing Denied: November 8, 2001.

Attorney(s) appearing for the Case

Arthur R. Miller, argued, Cambridge, MA (William S. Lerach, Leonard B. Simon, Eric A. Isaacson, Reed R. Kathrein, John K. Grant, Christopher P. Seefer, on the brief), for appellants.

Joe D. Jacobson, argued, Clayton, MO (Martin M. Green, Jonathan F. Andres, Warren R. Sern, Thomas C. Walsh, John Michael Clear, Jeffrey S. Russell, Arthur N. Abbey, Stephen T. Rodd, James S. Notis, Clinton A. Krislov, and Robert J. Stein, III, on the brief), for appellee.

Before LOKEN, HEANEY and BYE, Circuit Judges.

Rehearing and Rehearing En Banc Denied: November 8, 2001.*

HEANEY, Circuit Judge.

Allison Desmond heads a putative class of plaintiffs in a California state-court securities fraud action. On April 25, 2000, the district court1 presiding over a parallel federal class action granted an injunction that effectively halted the Desmond suit. Our task is to...

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