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VEGA v. JONES, DAY, REAVIS & POGUE

No. B170659.

17 Cal.Rptr.3d 26 (2004)

121 Cal.App.4th 282

Frank T. VEGA, Plaintiff and Appellant, v. JONES, DAY, REAVIS & POGUE, Defendant and Respondent.

Court of Appeals of California, Second District, Division Eight.

Rehearing Denied August 30, 2004.

Review Denied October 27, 2004.

Attorney(s) appearing for the Case

Manuel R. Ramos, Lo Jolla, for Plaintiff and Appellant.

Gibson, Dunn & Crutcher, James P. Fogelman, Joel M. Tantalo and Sarah R. Long, Los Angeles, for Defendant and Respondent.

BOLAND, J.

SUMMARY

A shareholder in a company acquired in a merger transaction sued the law firm which represented the acquiring company for fraud. He alleged the law firm concealed the so-called toxic terms of a third party financing transaction, and thus defrauded him into exchanging his valuable stock in the acquired company for "toxic" stock in the acquiring company. The law firm demurred. It contended...

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