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GRAND v. NACCHIO

No. 2 CA-CV 2006-0033.

147 P.3d 763 (2006)

Richard GRAND and Marcia Grand, cotrustees of the R.M. Grand Revocable Living Trust, dated January 25, 1991, Plaintiffs/Appellants, v. Joseph P. NACCHIO, a New Jersey resident; John A. McMaster, a New Jersey resident; Qwest Communications International, Inc., a Delaware corporation, Defendants/Appellees.

Court of Appeals of Arizona, Division 2, Department B.

November 24, 2006.

Attorney(s) appearing for the Case

Meyer Hendricks, PLLC, By Tom Galbraith, Phoenix, Munger Chadwick, By Michael J. Meehan, Tucson, for Plaintiffs/Appellants.

Fennemore Craig, P.C., By A. Bates Butler III and James D. Burgess, Tucson, Boies, Schiller & Flexner LLP, By James P. Denvir and Jonathan Sherman, Washington, for Defendant/Appellee Qwest International, Inc.

Lewis and Roca LLP, By John N. Iurino, Tucson, for Defendant/Appellee John A. McMaster.

Perkins Coie Brown & Bain P.A., By Joseph E. Mais and Brian C. Lake, Phoenix, for Defendant/Appellee Joseph P. Nacchio.

BRAMMER, Judge.

¶ 1 Appellants Richard and Marcia Grand, trustees of the R.M. Grand Revocable Living Trust (collectively, the Trust), appeal from the trial court's grant of summary judgment in favor of appellees Joseph Nacchio, John McMaster, and Qwest Communications International, Inc. The Trust filed a securities fraud action against Qwest concerning the Trust's purchase of shares in KPNQwest, an affiliate of Qwest Communications.

¶ 2 The Trust...

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