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GOLDSTEIN v. ANDRESEN & COMPANY

No. 72-1619 Summary Calendar.

465 F.2d 972 (1972)

Herman GOLDSTEIN et al., on behalf of themselves and others, Plaintiffs-Appellees, v. ANDRESEN & COMPANY, John A. Andresen, et al., d/b/a Andresen and Co., et al., Defendants-Appellees, and Joe B. Hunt, Receiver of Community National Life Insurance Company, Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

August 11, 1972.

Attorney(s) appearing for the Case

Robert S. Vance, Birmingham, Ala., for defendant-appellant; Callaway & Vance, Birmingham, Ala., of counsel.

J. Vernon Patrick, Jr., Jackson M. Payne, Berkowitz, Lefkovits & Patrick, Birmingham, Ala., for Goldstein and others.

James C. Barton, Johnston, Barton, Proctor, Swedlaw & Naff, Don Long, Jr., Birmingham, Ala., for Andresen & Co., and others.

Gary P. Smith, Birmingham, Ala., for Brock & Streit.

Hobart A. McWhorten, Jr., Robert R. Reid, Jr., Birmingham, Ala., for Richmond Life.

William G. West, Jr., Birmingham, Ala., for Pearson.

Erle Pettus, Jr., Birmingham, Ala., for F. W. Craigie & Co.

Before JOHN R. BROWN, Chief Judge, and GOLDBERG and MORGAN, Circuit Judges.

PER CURIAM:

Joe B. Hunt, as receiver of Community National Life Insurance Company, seeks to appeal from an order of the District Court approving the compromise of a shareholders' derivative suit involving alleged violations of the Federal securities laws by Community, Richmond Life Insurance Company, and several other individual and corporate defendants. Because Community either declined to participate in the settlement or was not afforded an opportunity to do so...

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