Bell v. Cameron Meadows Land Co.

FARRIS, Circuit Judge:

Plaintiffs allege the defendants violated sections 10(b)1 and 14(e)2 of the Securities Exchange Act of 1934, corresponding California state securities laws, and committed common law fraud, all in connection with a tender offer by which SF Minerals, Inc., a Nevada corporation, acquired Cameron Meadows Land Company, a Wisconsin cor*1280poration. The district court rejected plaintiffs’ two untimely jury demands, and thereafter granted summary judgment for defendants on all claims. We reverse in part and affirm in part.

I. FACTS

Plaintiffs are two sisters, Mary Bell and Margaret…