DASHO v. SUSQUEHANNA CORPORATION

No. 15839.

380 F.2d 262 (1967)

William DASHO, Dasho-Rogers, Inc., an Illinois corporation, and Maurice H. Schy, Plaintiffs-Appellants, v. The SUSQUEHANNA CORPORATION, a Delaware corporation et al., Defendants-Appellees.

United States Court of Appeals Seventh Circuit.

June 26, 1967.


Attorney(s) appearing for the Case

Lawrence A. Jacobson, Ira S. Kolb, Adolf Loeb, Chicago, Ill., for appellants.

Paul N. Rowe, John B. King, Theodore R. Boehm, Indianapolis, Ind., Baker & Daniels, Indianapolis, Ind., of counsel, for Indiana Farm Bureau, et al., amici curiae.

Philip A. Loomis, Jr., General Counsel, Walter P. North, Associate General Counsel, Jacob H. Stillman, Martin D. Newman, Attys., Securities and Exchange Commission, Washington, D. C., amicus curiae.

Harry T. Ice, R. Stanley Lawton, Donald F. Elliott, Jr., Indianapolis, Ind., Ice, Miller, Donadio & Ryan, Indianapolis, Ind., of counsel, for Hansford C. Mann and Edith G. Mann, amicus curiae.

Samuel Weisbard, Stephen C. Sandels, Chicago, Ill., McDermott, Will & Emery, Chicago, Ill., of counsel, for defendant-appellee, Howard J. Lauhoff.

Melvan M. Jacobs, Robert O. Mansell, Charles D. Leist, Alfred P. Bianucci, Chicago, Ill., Milton H. Gray, Lionel G. Gross, Louis E. Rosen, Chicago, Ill., for all defendants-appellees other than Howard J. Lauhoff.

Harold C. Stuart, Dickson M. Saunders, Tulsa, Okl., for defendants-appellees Ralph A. L. Bogan, Jr., Edward O. Boshell, M. M. Hardin, A. D. Martin, Harold G. Mason, J. Earle May, Hugh C. Michels, Aksel Nielsen, D. W. Reeves, R. C. Schenk, Harold C. Stuart, Albert W. Thomson and Francis C. Woolard.

Joseph A. Sommer, Santa Fe, N. M., for American Gypsum Co.

Before SCHNACKENBERG, FAIRCHILD and CUMMINGS, Circuit Judges.


SCHNACKENBERG, Circuit Judge.

William Dasho, Dasho-Rogers, Inc., an Illinois corporation, and Maurice H. Schy, plaintiffs, have appealed from an order of the district court entered June 30, 1966, dismissing a derivative action brought by plaintiffs, as shareholders of The Susquehanna Corporation, against (inter alia) its officers and directors, charging a conspiracy to defraud Susquehanna in the sale and purchase of...

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