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GRAND v. NACCHIO

No. 2 CA-CV2009-0014.

217 P.3d 1203 (2009)

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

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

September 29, 2009.

Attorney(s) appearing for the Case

Munger Chadwick PLC, by Michael J. Meehan, Tucson and Tiffany & Bosco, P.A. by Richard G. Himelrick, Phoenix, Attorneys for Plaintiffs/Appellants/Cross-Appellees.

Stern & Kilcullen, LLC by Joel M. Silverstein, Roseland, New Jersey and Perkins Coie Brown & Bain P.A. by Joseph E. Mais and Brian C. Lake, Phoenix, Attorneys for Defendant/Appellee/Cross-Appellant Nacchio.

Lewis & Roca LLP by John N. Iurino and Sivan R. Korn, Tucson, Attorneys for Defendant/Appellee/Cross-Appellant McMaster.

Fennemore Craig, P.C. by A. Bates Butler III and James D. Burgess, Tucson, and Boies, Schiller & Flexner LLP by Jonathan Sherman, Washington, D.C., Attorneys for Defendant/Appellee/Cross-Appellant Qwest.

OPINION

ESPINOSA, Presiding Judge.

¶ 1 Appellants Richard and Marcia Grand, co-trustees of the R.M. Grand Revocable Living Trust (collectively, the Trust), challenge the trial court's dismissal of their complaint in this securities fraud action in response to the motions to dismiss filed by appellees Joseph P. Nacchio, John A. McMaster, and Qwest Communications International, Inc. We affirm.

Factual Background and Procedural History

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