United States v. Avila-Macias

BONSAL, District Judge:

This is an appeal from an order and judgment of the district court for the Northern District of California (Orrick, J.) granting summary judgment in favor of defendants-appellees Ancora-Citronelle Corporation (“ACC”), Johnson and Trainer, vice-president and president respectively of ACC, and Touche Ross & Co. (“Touche”), ACC’s accountant, and dismissing the complaint of plaintiffs-appellants Green and Ancora Corporation (“Ancora”). We affirm for the reasons stated below.

In June 1969 appellant Green brought about the formation of ACC by the consolidated and merger of…