Legal Opinion

Mark G. Epstein Samuel C. Arsers, on Behalf of Themselves & All Others Similarly Situated v. Washington Energy Co. James A. Thorpe

Court of Appeals for the Ninth Circuit

Decided May 14, 1996No. 94-35873PublishedCited by 243 opinions

1Opinion of the Court

TROTT, Circuit Judge:

OVERVIEW

Plaintiffs Mark Epstein and Samuel Ar-sers, purchasers of Washington Energy Company’s common stock, appeal from the district court’s order dismissing their securities fraud class action suit. In their Amended Complaint, Plaintiffs allege that Washington Energy Company and two of its senior officers violated §§ 10(b) & 20 of the Securities Exchange Act of 1934 and various state laws by stating the potential benefits of a rate increase for its subsidiary Washington Natural Gas, a regulated public utility, without disclosing: 1) that the Washington State Utilities…

2Cases cited9 opinions

  1. Basic Inc. v. LevinsonSupreme Court of the United States · 1988
  2. In Re Worlds Of Wonder Securities LitigationCourt of Appeals for the Ninth Circuit · 1994
  3. Duquesne Light Co. v. BaraschSupreme Court of the United States · 1989
  4. Rubinstein v. CollinsCourt of Appeals for the Fifth Circuit · 1994
  5. In Re Verifone Securities Litigation. Martin Halkin Michael Minichino Lois Steen Richard Marchesi David J. Steinberg Chaille Steinberg v. Verifone Inc. Robertson Stephens, Robertson Stephens and Company, Martin Halkin Michael Minichino Lois Steen Richard Marchesi David J. Steinberg Chaille Steinberg v. Verifone Inc. William F. Gorog John R.C. Porter Keith B. Greeslin H.H. Haight, IV William N. Melton Frank J. Caufield Hatim A. Tyabji Morgan Stanley & Co. Robertson Stephens Dean Witter Reynolds Incorporated Burton McMurtryCourt of Appeals for the Ninth Circuit · 1993

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3Cited by243 opinions

  1. Eminence Capital, Llc, and Jay Spechler v. Aspeon, Inc. Richard P. StackCourt of Appeals for the Ninth Circuit · 2003
  2. Lee v. City Of Los AngelesCourt of Appeals for the Ninth Circuit · 2001
  3. Lee v. City of Los AngelesCourt of Appeals for the Ninth Circuit · 2001
  4. Galbraith v. County of Santa ClaraCourt of Appeals for the Ninth Circuit · 2002
  5. Galbraith v. County Of Santa ClaraCourt of Appeals for the Ninth Circuit · 2002

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