POWERS v. WELLS FARGO BANK NA

No. 04-56084.

439 F.3d 1043 (2006)

Alfred POWERS; Herbert Wong; Alfred Overley; Christine Overley; Rita Pedro; Jennifer Pedro; Betty Ross; John Ross; Todd Shew; Joy Shew; Denise J. Tremblay; Bradford J. Stassel; Michael Magnes; Brenda Magnes; David Gross; Ben Kerr; Delores Kerr; Veronica Hudson; Michael Stultz; Carol Stultz; Harriet Jane Butts; Myron Weiss; Barry Spector; Karen Spector; William E. Wardlaw; Daniel Wardlaw; Tammy D. Wardlaw; Bruna Wardlaw; Danielle Elliott; Helen Dimitriou; Frank Scopelitta; Carol Scopelitta; Joshua Higbee; Sarah Higbee; Milan Linjak; Milica Linjak; Donald Wardlaw; Janet Wardlaw; Andrea Blum; Sigurd D. Medhus; Eve L. Bonner; Anthony A. Sbarounis; Jonathan Palmer; Nina Palmer, Plaintiffs-Appellants, v. WELLS FARGO BANK NA; Wells Fargo & Company; Mary E. Osaki; Marty A. Munesato; David Dagget; Kirk Braun; Rossi Russell; James Osaki; Loren Wong; Alvis Veach; Matthew L. Fragner, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Filed March 3, 2006.


Attorney(s) appearing for the Case

John R. Schiro, Studio City, CA, for plaintiffs-appellants Alfred Powers, et al.

Randall J. Clement, Sheppard, Mullin, Richter & Hampton LLP, Costa Mesa, CA, for defendant-appellee Wells Fargo Bank, N.A.

John W. Sheller, Hinshaw & Culbertson LLP, Los Angeles, CA, for defendant-appellee Rossi Russell.

Daniel J. Goodkin, Van Etten, Suzumoto & Beckett LLP, Santa Monica, CA, for defendant-appellee Matthew L. Fragner.

Before DAVID R. THOMPSON and THOMAS G. NELSON, Senior Circuit Judges, and RONALD M. GOULD, Circuit Judge.


GOULD, Circuit Judge.

In Howard v. America Online Inc., 208 F.3d 741 (9th Cir. 2000), we held that a federal Racketeer Influenced and Corrupt Organizations Act (RICO), 18 U.S.C. §§ 1961-63, claim alleging securities fraud, presented in a class action, was barred by 18 U.S.C. § 1964(c), which provides that "no person may rely upon any conduct that would have been actionable as fraud in the purchase or sale of...

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