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deHAAS v. EMPIRE PETROLEUM COMPANY

Civ. A. No. 66-C-167.

286 F.Supp. 809 (1968)

Wm. F. deHAAS, Charles J. Wiley, Ralph W. Riggins, and Colorado International Corp., a Colorado corporation, Plaintiffs, v. EMPIRE PETROLEUM COMPANY, a Colorado corporation, Eugene M. Stone and American Industries, Inc., a Nevada corporation, Defendants, Third-Party Plaintiffs, and Cross Claimants, v. William R. LOEFFLER, Third-Party Defendant, and Defendant on Cross Claim.

United States District Court D. Colorado.

July 10, 1968.

Attorney(s) appearing for the Case

James W. Heyer and Portis G. Welch, Denver, Colo., for plaintiffs.

Holmes Baldridge, Chicago, Ill., and Arlen S. Ambrose, Denver, Colo., for defendants, third-party plaintiffs and cross claimants.

John S. Carroll, Denver, Colo., for third-party defendant and defendant on cross claim.

MEMORANDUM OPINION AND ORDER

WILLIAM E. DOYLE, District Judge.

This is a derivative action brought by four stockholders of American Industries, Inc.,1 for damages and equitable relief in connection with a merger which occurred in 1962 and allegedly involved violations of Rule 10b-5 promulgated by the Securities Exchange Commission pursuant to Section 10(b) of the Securities Exchange Act of 1934. The defendants have filed a third...

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