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TEAMSTERS LOCAL 175 & 505 PENSION v. CLOROX

No. 02-17474.

353 F.3d 1125 (2004)

EMPLOYERS TEAMSTERS LOCAL NOS. 175 AND 505 PENSION TRUST FUND; Clarence E. Long; Gary Mucica; Peter C. Schroder, Jr., Plaintiffs-Appellants, v. The CLOROX COMPANY; G. Craig Sullivan; Gerald E. Johnston; Karen M. Rose; William V. Stephenson; First Brands Corp.; Thomas H. Rowland; Donald A. Desantis, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Filed January 7, 2004.

Attorney(s) appearing for the Case

Susan K. Alexander, Milberg Weiss Bershad Hynes & Lerach LLP, San Francisco, CA, for the plaintiffs-appellants.

Jordan Eth, Morrison & Foerster LLP, San Francisco, CA, for the defendants-appellees.

Before MYRON H. BRIGHT, DOROTHY W. NELSON, and PAMELA ANN RYMER, Circuit Judges.

Argued and Submitted December 5, 2003 — San Francisco, California.

Opinion by Judge Rymer.

OPINION

RYMER, Circuit Judge.

Investors who purchased stock of The Clorox Company between October 19, 1998 and August 11, 1999 appeal the district court's summary judgment and judgment on the pleadings in their action against Clorox, First Brands Corporation, and several officers of the two companies1 (collectively...

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