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ZAUBER v. MURRAY SAV. ASS'N

No. 20082.

591 S.W.2d 932 (1979)

Ray ZAUBER—Derivatively in Behalf of Murray Savings Association, Appellant, v. MURRAY SAVINGS ASSOCIATION, Murray Development Company et al., Appellees.

Court of Civil Appeals of Texas, Dallas.

Rehearing Denied January 8, 1980.

Attorney(s) appearing for the Case

Dean Carlton, Dallas, for appellant.

Morris I. Jaffe, Gardere, Wynne, Jaffe & DeHay, Dallas, for appellees.

Before AKIN, ROBERTSON and HUMPHREYS, JJ.

ROBERTSON, Justice.

Appellant, Ray Zauber, brought this derivative action on behalf of Murray Savings Association seeking an accounting for and recovery of assets allegedly converted from Murray Savings to the use and benefit of the appellees as insiders. In the trial court appellees contended that appellant did not meet the standing requirements to bring a derivative suit for the following reasons: he had not complied with the class action requirements in rule 42...

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