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CONDON v. RICHARDSON

No. 17074.

411 F.2d 489 (1969)

John D. CONDON et al., Plaintiffs-Appellants, v. Coyn RICHARDSON et al., Defendants-Appellees.

United States Court of Appeals Seventh Circuit.

Rehearing Denied July 16, 1969.

Attorney(s) appearing for the Case

William M. Giffin, Robert H. Brunsman, Thomas W. Gray, Springfield, Ill., for plaintiffs-appellants.

James R. Potter, Robert E. Gillespie, George B. Gillespie, Springfield, Ill., for defendants-appellees.

Before CUMMINGS and KERNER, Circuit Judges, and HOFFMAN, District Judge.

JULIUS J. HOFFMAN, District Judge.

This is an action arising under the Securities Exchange Act of 1934. Plaintiffs, John D. Condon, A. H. Handley, Albert Bowers, and W. A. Read, have brought a derivative action as shareholders of Regency Life Insurance Company, an Illinois corporation, against defendants, Coyn Richardson and Thomas Faller, individually and as officers of Regency Life Insurance Company, John A. Schwander,...

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