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PETRIE v. ELECTRONIC GAME CARD, INC.

No. 12-55620.

761 F.3d 959 (2014)

Dalton PETRIE, individually and on behalf of all others similarly situated, Plaintiff, and Dr. Thomas Lee; Margaret Yu; Scott Lovell, Appellants, v. ELECTRONIC GAME CARD, INC.; Lee J. Cole; Linden Boyne; Kevin Donovan; Paul Farrell; Eugene Christiansen; Anna Houssels; Lynne Rochelle Attias; Jonathan Steinberg, as Executor of the Estate of Lord Leonard Steinberg, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Filed July 30, 2014.

Attorney(s) appearing for the Case

Laurence M. Rosen (argued), The Rosen Law Firm, New York, New York, for Appellants.

Michael L. Cypers (argued), Crowell & Moring, Los Angeles, California; Ethan P. Shulman , Crowell & Moring, San Francisco, California, for Defendant-Appellee Linden Boyne.

Lawrence B. Steinberg , Buchalter Nemer , Los Angeles, California; Jeffrey J. Greenbaum and Hervé Gouraige , Sills Cummis & Gross, Newark, New Jersey, for Defendant-Appellee Lee Cole.

Jonathan D. Cogan (argued), Steven G. Kobre , and Andrew M. Meehan , Kobre & Kim, New York, New York; Christopher Kim , Bryan Sheldon , and Lisa J. Yang , Lim, Ruger & Kim, Los Angeles, California, for Defendants-Appellees Kevin Donovan, Eugene Christiansen, Paul Farrell, Anna Houssels, Lynne Rochelle Attias, and Jonathan Steinberg.

Before: HARRY PREGERSON and MORGAN CHRISTEN, Circuit Judges, and ROSLYN O. SILVER, Senior District Judge.

OPINION

CHRISTEN, Circuit Judge:

Electronic gaming has become ubiquitous; even slot machines are now made to operate at the push of a button rather than the pull of a lever. Electronic Game Card, Inc. set out to further this trend by producing electronic "scratch off" devices for casinos, lotteries, and other gaming establishments. The company appeared to be flying high, with millions of dollars in reported assets as late as September 2009. But a little...

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