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MADER v. ARMEL

No. 71-1549.

461 F.2d 1123 (1972)

John A. MADER et al., Plaintiffs-Appellants, v. Daniel E. ARMEL et al., Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

June 15, 1972.

Attorney(s) appearing for the Case

Lyman Brownfield, Columbus, Ohio, for plaintiffs-appellants; Laurence E. Sturtz, Walter J. McNamara, III, Columbus, Ohio, on brief; Brownfield, Kosydar, Bowen, Bally & Sturtz, Columbus, Ohio, of counsel.

Katheleen K. Haase, Larry H. Snyder, Columbus, Ohio, William T. Hicks, Springfield, Ohio, E. Searles Morton, Joseph B. DeVennish, Columbus, Ohio, Bitner Browne, Springfield, John L. Davies, John J. Perrini, John A. Carnahan, Jerry L. Riseling, William H. Schneider, E. James Hopple, Robert W. Newlon, Columbus, A. A. Sommer, Jr., Richard J. Cusick, Jr., Cleveland, Ohio, for defendants-appellees; Robert H. Hoffman, William G. E. Jacobs, Columbus, Ohio, on brief for Robert E. S. Young; Gordon E. Williams, Chamblin, Snyder & Casey, Columbus, Ohio, on brief, for Todd Tibbals.

Before PHILLIPS, Chief Judge, KENT, Circuit Judge, and McALLISTER, Senior Circuit Judge.

PHILLIPS, Chief Judge.

This is a class action for damages based upon alleged violation of antifraud provisions of the Securities and Exchange Act of 1934, 15 U.S.C. § 78a et seq. Jurisdiction is based upon 15 U.S.C. § 78aa.

The plaintiffs were shareholders in an Ohio corporation named Certified Mortgage Corporation, which merged in 1959 into another Ohio corporation named Certified Credit Corporation. The general background of the case is set forth...

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