CHARNEY v. THOMAS

No. 16783.

372 F.2d 97 (1967)

David B. CHARNEY, Allen J. Kraft, Harris J. Klein and Charles N. Maybruck, Plaintiffs-Appellants, v. Donald D. THOMAS, Ira A. Lutz and Lloyd Gibson, Defendants-Appellees.

United States Court of Appeals Sixth Circuit.

February 17, 1967.


Attorney(s) appearing for the Case

Robert E. Scher, New York City, for appellants, Simons & Simons, Detroit, Mich., on the brief, Raphael, Searles & Vischi, New York City, of counsel.

A. Albert Sugar, James Tracy, Philip J. Neudeck, Detroit, Mich., for appellees, Dykema, Wheat, Spencer, Goodnow & Trigg, Detroit, Mich., on the brief, for Ira A. Lutz, Sugar & Schwartz, Detroit, Mich., on the brief for Donald D. Thomas.

Before WEICK, Chief Judge and CELEBREZZE and PECK, Circuit Judges.


WEICK, Chief Judge.

In August, 1959, the plaintiffs purchased 78,000 shares of common stock in the Clinton Engines Corporation, a Michigan corporation, from the defendants. Shortly thereafter plaintiffs added to their Clinton holdings by purchasing approximately 21,000 additional shares on the open market. These purchases followed a protracted period of financial investigation and negotiations during which the defendants, who were operating officers of the corporation...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases