HOGAN v. TELEDYNE, INC.

No. 69 C 1941.

328 F.Supp. 1043 (1971)

O. T. HOGAN and Almore H. Teschke, on behalf of themselves and all other shareholders of United Fire Insurance Company, Plaintiffs, v. TELEDYNE, INC., a Delaware corporation, and Henry E. Singleton, Defendants.

United States District Court, N. D. Illinois, E. D.

May 17, 1971.


Attorney(s) appearing for the Case

Albert E. Jenner, Jr., Charles J. O'Laughlin and Keith F. Bode, Jenner & Block, Chicago, Ill., for plaintiffs.

Lee A. Freeman, Jerrold E. Salzman, Lee A. Freeman, Jr., and Glenn A. Schwartz, Chicago, Ill., for intervening-plaintiff.

Thomas A. Reynolds, Jr., Bruce L. Bower, and Richard L. Williams III, of Winston, Strawn, Smith & Patterson, Chicago, Ill., for defendants.


MEMORANDUM AND ORDER ON DEFENDANTS' MOTION TO DISMISS

ROBSON, Chief Judge.

The defendants move to dismiss the second amended complaint filed in this action for failure to state a claim under the federal securities laws or any other basis for federal jurisdiction. For the reasons set forth below, this court is of the opinion the motion should be granted.

The plaintiffs O. T. Hogan and Almore H. Teschke purportedly bring this class action on behalf...

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