BUTLER v. PETTIGREW

No. 17245.

409 F.2d 1205 (1969)

Leon L. BUTLER, Victor M. Theis, James W. Sutton, Jr., and Thomas A. Stansbury, Plaintiffs-Appellants, v. William J. PETTIGREW, James A. Lasater, David D. Woodbridge, International Space Corporation, a Texas corporation, and International Space Corporation, a Delaware corporation, Defendants-Appellees.

United States Court of Appeals Seventh Circuit.

April 23, 1969.


Attorney(s) appearing for the Case

Thomas A. Stansbury, Leonard Rose, Chicago, Ill., for plaintiffs-appellants.

Roy C. Palmer, Jerome Frazel, D. Kendall Griffith, Chicago, Ill., for defendants-appellees.

Before FAIRCHILD and KERNER, Circuit Judges, and HOLDER, District Judge.


HOLDER, District Judge.

The appeal by the plaintiffs is from an adverse judgment rendered after a bench trial. Error is claimed as to the court's finding that plaintiffs failed to prove the essential element of their reliance upon defendants' alleged misrepresentations in the sale of corporate stock in a common law fraud and deceit action. We affirm the finding and judgment.

The one count complaint contains allegations of alleged misconduct and mismanagement...

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