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WEAVER v. UNITED CALIFORNIA BANK

No. C-71-1738 SW.

350 F.Supp. 1373 (1972)

Robert G. WEAVER et al., Plaintiffs, v. UNITED CALIFORNIA BANK, a California corporation, et al., Defendants.

United States District Court, N. D. California.

November 14, 1972.

Attorney(s) appearing for the Case

James B. Schnake, Oakland, Cal., Victor J. Haydel, III, Jerome I. Braun, Farella. Braun & Martel, San Francisco, Cal., for plaintiffs.

Jack W. Crumley, John C. Stiska, Michael L. Kirby, Luce, Forward, Hamilton & Scripps, San Diego, Cal., for defendant Charles E. Salik.

John B. Bates, Alson R. Kemp, Jr., Pillsbury, Madison & Sutro, San Francisco, Cal., Sherman Welpton, Jr., Robert Forgnone, J. Michael, Brennan, Gibson, Dunn & Crutcher, Warren Christopher, William W. Vaughn, B. Boyd Hight, Jr., O'Melveny & Myers, Los Angeles, Cal., for defendants.

ORDER AND MEMORANDUM

SPENCER WILLIAMS, District Judge.

MOTION TO DISMISS

Defendant Charles E. Salik moves for dismissal under Rule 12(b) claiming that the statutory cause of action against him is barred by the statute of limitations. After considering the papers submitted and hearing argument on the matter, the court finds that defendant's motion should be denied.

This lawsuit arises out of alleged violations by defendants of the Securities...

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