Legal Opinion

Durkin v. Shea & Gould

Court of Appeals for the Ninth Circuit

Decided August 19, 1996No. Nos. 95-55432, 95-55434PublishedCited by 19 opinions

1Opinion of the Court

O’SCANNLAIN, Circuit Judge:

In this second of two related cases1 arising out of the failure of Imperial Savings Association, we must decide whether a court-approved settlement of a shareholder derivative suit precludes a subsequent action for legal malpractice.

I

The law firm of Shea & Gould interlocutor-ily appeals the district court’s order denying summary judgment in an action brought by Ronald L. Durkin alleging that the law firm breached a fiduciary duty and demonstrated negligence in its representation of Imperial Corporation of America (“ICA”), the parent corporation of failed savings and…

2Cases cited24 opinions

  1. Montana v. United StatesSupreme Court of the United States · 1979
  2. Kremer v. Chemical Construction Corp.Supreme Court of the United States · 1982
  3. Swint v. Chambers County CommissionSupreme Court of the United States · 1995
  4. Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
  5. United States v. StanleySupreme Court of the United States · 1987

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3Cited by19 opinions

  1. 97 Cal. Daily Op. Serv. 926, 97 Daily Journal D.A.R. 1384 William A. Steen Harold Hedlund Timothy Sandis John Heindel Lawrence Wlezien Wilbur Lockman Norman Neste, as Trustees and Land Surveyors of California Trust, and the Consulting Engineers and Land Surveyors of California Health and Life Insurance Plan v. John Hancock Mutual Life Insurance Company Association Administrators and Consultants, Inc., William A. Steen v. John Hancock Mutual Life Insurance Company, and Association Administrators and Consultants, Inc. v. Robert Lemond James Wooten Daniel Ogden Milton Bell Robert Bennett David Lancaster, Trustees of the Texas Society of Architects Insurance Benefit Trust (Texas Trustees) Donald Melander Michael Wirtanen Arnold Lucke Robert Mayeron Thomas H. Stahl, Trustees of the Minnesota Society, American Institute of Architects Employee Benefits Trust ("Minnesota Trustees"), Third-Party-Defendants-AppelleesCourt of Appeals for the Third Circuit · 1997
  2. Kahn v. Morse & MowbrayNevada Supreme Court · 2005
  3. Deutsche Bank National Trust Co. v. Federal Deposit InsuranceCourt of Appeals for the Ninth Circuit · 2014
  4. In Re Imperial Corporation of America, Related Litigation. Federal Deposit Insurance Corporation, in Its Corporate Capacity and as Receiver for Imperial Federal Savings Association v. Robert S. Alshuler, and Barclay Davidson, Michael Lea, and Anthony E. Maniscalco, Ii, Federal Deposit Insurance Corporation, in Its Corporate Capacity and as Receiver for Imperial Federal Savings Association v. Mark L. Kline, Federal Deposit Insurance Corporation, in Its Corporate Capacity and as Receiver for Imperial Federal Savings Association v. Robert S. Alshuler, and Gary M. CypresCourt of Appeals for the Ninth Circuit · 1996
  5. Steen v. John Hancock Mutual Life InsuranceCourt of Appeals for the Ninth Circuit · 1997

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