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DePINTO v. LANDOE

No. 22343.

411 F.2d 297 (1969)

Angus J. DePINTO, Appellant, v. Hjalmar B. LANDOE, Francis I. Sabo and Edwin B. Pegram, Appellees.

United States Court of Appeals Ninth Circuit.

May 9, 1969.

Attorney(s) appearing for the Case

Joseph S. Jenckes, (argued) of Evans, Kitchel & Jenckes, Herbert Mallamo, Phoenix, Ariz., for appellant.

Joseph B. Gary, (argued) of Landoe & Gary, Bozeman, Mont., for Landoe.

Thomas I. Sabo, Bozeman, Mont., for Sabo & Pegram.

Before BARNES and HAMLEY, Circuit Judges, and SMITH, District Judge.

HAMLEY, Circuit Judge:

This is a stockholder's diversity derivative action. It was originally brought on behalf of United Security Life (United), an Arizona stock insurance corporation, by John S. Gorsuch, a stockholder of that company. Gorsuch sought to recover, for United, the value of assets of United which had been transferred on October 18, 1957, to American Security Investment Company (American). The suit was brought against Angus J. DePinto, Hjalmar B. Landoe...

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