JUNG v. K. & D. MINING CO.

No. 12048.

246 F.2d 281 (1957)

Henry M. JUNG et al., etc., Plaintiffs-Appellants, v. K. & D. MINING CO., Inc., et al., Defendants-Appellees.

United States Court of Appeals Seventh Circuit.

Rehearing Denied August 20, 1957.


Attorney(s) appearing for the Case

Zeamore A. Ader, Chicago, Ill., for appellant.

Floyd F. Shields, Chicago, Ill., and Samuel J. Wettrick, Seattle, Wash., for appellee.

Before DUFFY, Chief Judge, and LINDLEY, Circuit Judge.


LINDLEY, Circuit Judge.

On May 10, 1955 the district court granted defendants' motion to dismiss plaintiffs' amended complaint, based upon an alleged violation of the Securities Act of 1933, 15 U.S.C.A. §§ 77a-77aa, and the Securities Exchange Act of 1934, 15 U.S.C.A. §§ 78a-78jj, for failure to state a valid claim. Though the order dismissed the complaint, it provided that plaintiffs have 20 days within which to file an amended complaint.

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