MEMORANDUM DECISION
NICHOL, Chief Judge.
This memorandum constitutes the court's decision on plaintiffs' motions for summary judgment. No relevant factual disputes are before the court. Briefs having been submitted and oral argument having been waived, the court's decision follows.
FACTUAL BACKGROUND
This is a diversity case. Plaintiffs were employed by Piper, Jaffray & Hopwood, Inc. (hereinafter Piper), and participated during their...
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