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PROCTOR v. VISHAY INTERTECHNOLOGY INC.

No. 07-16527.

584 F.3d 1208 (2009)

Rebecca PROCTOR; Rex Brooks; John Donovan; Robert Needles on behalf of Siliconix, Inc. themselves and on behalf of all minority shareholders of Siliconix, Inc., similarly situated, Plaintiff-Appellant, v. VISHAY INTERTECHNOLOGY INC.; Vishay Temic Semiconductor Acquisition Holdings Corporation; Siliconix, Inc.; Ernst & Young LLP; Felix D. Zandman, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Filed October 9, 2009.

Attorney(s) appearing for the Case

Maxwell M. Blecher and James Robert Noblin, Los Angeles, CA, and James A. Hennefer, San Francisco, CA, for plaintiffs-appellants.

Peter A. Wald and David M. Friedman, San Francisco, CA, and J. Andrew Heaton, Washington, DC, for defendant-appellee Ernst & Young LLP.

Alan R. Friedman and Jonathan M. Wagner, New York, NY, and Daniel H. Bookin and Dhaivat H. Shah, San Francisco, CA, for defendants-appellees Vishay Intertechnology, Inc., et al.

Before: DAVID R. THOMPSON, MARSHA S. BERZON, and N. RANDY SMITH, Circuit Judges.

BERZON, Circuit Judge:

We consider a set of issues concerning the application of the Securities Litigation Uniform Standards Act of 1998 ("SLUSA"), Pub.L. No. 105-353, 112 Stat. 3227, codified in relevant part at 15 U.S.C. § 78bb (amending the Securities Exchange Act of 1934).1 SLUSA provides for the removal to federal court and then dismissal of certain securities fraud cases, while allowing others to go forward in state court. In...

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