1. Home
  2. Browse Decisions
  3. F.3d
  4. 262 F.3d
  5. 262 F.3d 923 (2001)
 

NAVELLIER v. SLETTEN

Nos. 99-17059, 99-17061 and 99-17388.

262 F.3d 923 (2001)

Louis G. NAVELLIER, an individual and Trustee and Shareholder of the Navellier Series Fund (recently renamed the MFS Series Trust); Rosemary J. McLachlan; Martin Billett; William Rautenberg; Faith C. Rautenberg; Mark Schulz; Gail Sullivan; Thomas Sullivan, Plaintiffs-Appellants, v. Kenneth SLETTEN, an individual and Trustee of the Navellier Series Fund (recently renamed the MFS Series Trust); Donald Simon, et al., Defendants-Appellees. Louis G. Navellier, an individual and Trustee and Shareholder of the Navellier Series Fund (recently renamed the MFS Series Trust); Rosemary J. McLachlan; Martin Billett; William Rautenberg; Faith C. Rautenberg; Mark Schulz; Gail Sullivan; Thomas Sullivan, Plaintiffs-Appellants, v. Kenneth Sletten, an individual and Trustee of the Navellier Series Fund (recently renamed the MFS Series Trust); Donald Simon, et al., Defendants, and Arnold Scott; Roy Adams; Massachusetts Financial Services, Defendants-Appellees. Rosemary J. McLachlan, et al.; Louis G. Navellier, An individual and Trustee and Shareholder of the Navellier Series Fund (recently renamed the MFS Series Trust); Martin Billett; William Rautenberg; Faith C. Rautenberg; Mark Schulz; Gail Sullivan; Thomas Sullivan, Plaintiffs-Appellees, v. Kenneth Sletten, an individual and Trustee of the Navellier Series Fund (recently renamed the MFS Series Trust), Defendant-Appellant, and Donald Simon, Defendant.

United States Court of Appeals, Ninth Circuit.

Filed August 27, 2001.

Attorney(s) appearing for the Case

Samuel Kornhauser, San Francisco, California, for the Plaintiffs-Appellants.

Ralph C. Alldredge, Emeryville, California, Jonathan C. Dickey, Gibson, Dunn & Crutcher, Palo Alto, California, Jacquelyn J. Garman, San Francisco, California, Vincent P. Finigan, Jr., Brobeck, Phleger, & Harrison, San Francisco, California, for the Defendants-Appellees.

Christopher Paik, Securities and Exchange Commission, Washington, D.C., for the amicus curiae.

Before: William C. Canby, Jr., Michael Daly Hawkins, and Ronald M. Gould, Circuit Judges.

Argued and Submitted July 10, 2001—San Francisco, California.

RONALD M. GOULD, Circuit Judge:

This appeal follows an Investment Company Act of 1940 ("ICA") action seeking to impose personal liability on the independent trustees of a mutual fund for the non-renewal of an investment advisory contract. After a fourteen-day trial, the jury determined that the independent trustees acted within their discretion under the business judgment rule in replacing...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases