Richard Davis v. Robert H. Fendler
Court of Appeals for the Ninth Circuit
1Opinion of the Court
KILKENNY, Circuit Judge:
This is an appeal from a default judgment which was entered against appellant for the sum of $37,929,368.00.
BACKGROUND
This class action was filed by appellees on December 5, 1975, on behalf of all persons who had investments in Lincoln Thrift Association and U.S. Thrift Association as of November 28,1975. The complaint charged the appellant and others with federal securities fraud violations and pendent state claims. Appellant was chief executive officer and major stockholder of both thrift companies (thrift companies being somewhat similar in character to savings and…
2Cases cited15 opinions
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- Hoffman v. United StatesSupreme Court of the United States · 1951
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- Maness v. MeyersSupreme Court of the United States · 1975
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