Shivers v. Amerco
Court of Appeals for the Ninth Circuit
1Opinion of the Court
FLETCHER, Circuit Judge:
These are consolidated appeals from the district court’s judgment dismissing plaintiffs’ claims under Rule 10b-5 and various state blue sky laws, and granting summary judgment for defendants on plaintiffs’ claim of breach of fiduciary duties. We conclude that the claims under Rule 10b-5 and the blue sky laws were properly dismissed, but that summary judgment on the claim of breach of fiduciary duties was improper.
I
FACTS
A. Plaintiffs’ Allegations
Plaintiffs’ complaint and amended complaint allege the following. In May of 1975, plaintiffs were minority shareholders of…
2Cases cited25 opinions
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977
- Birnbaum v. Newport Steel Corp.Court of Appeals for the Second Circuit · 1952
- Leo Vine v. Beneficial Finance Company, Inc., and Charles H. Dowd, Stuart A. Wixson, George J. Springer, C. H. Donohue and Crown Finance Company, Inc.Court of Appeals for the Second Circuit · 1967
- Jones v. H. F. Ahmanson & Co.California Supreme Court · 1969
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- Reeves v. TeuscherCourt of Appeals for the Ninth Circuit · 1989
- Securities Investor Protection Corporation v. Seymour VigmanCourt of Appeals for the Ninth Circuit · 1986
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