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BLACKMAR v. LICHTENSTEIN

No. 79-1301.

603 F.2d 1306 (1979)

Charles B. BLACKMAR, Trustee of Liberty's Investment for Employees and Charles B. Blackmar, Trustee of Incentive Trust, Appellant, v. David B. LICHTENSTEIN, Sr., William A. Gerard, Lyle S. Woodcock, Sidney N. Held, David B. Lichtenstein, Jr., Oscar H. Love, Carl A. Algren and American National Bank in St. Louis, Appellees, John W. Knox and Everett B. Best, Appellees.

United States Court of Appeals, Eighth Circuit.

Decided August 23, 1979.

Attorney(s) appearing for the Case

William I. Rutherford, Lashly, Caruthers, Thies, Rava & Hamel, St. Louis, Mo. (argued), Albert H. Hamel and Mark D. Mittleman, St. Louis, Mo., on brief, for appellant.

John Gianoulakis, Kohn, Shands, Elbert, Gianoulakis & Giljum, St. Louis, Mo. (argued), Carroll J. Donohue, Robert J. Domrese and Mark G. Arnold, Husch, Eppenberger, Donohue, Elson & Cornfeld, St. Louis, Mo., on brief, for appellees.

Before LAY, ROSS and HENLEY, Circuit Judges.

LAY, Circuit Judge.

This suit was originally brought by Charles B. Blackmar, as trustee of two insolvent trusts, against former trustees David B. Lichtenstein, Sr., William A. Gerard, Lyle S. Woodcock, Sidney N. Held, David B. Lichtenstein, Jr., Oscar H. Love, Carl A. Algren, and the American National Bank in St. Louis, a bank allegedly controlled by the former trustees.

In 1955 Liberty Loan Corporation (Liberty) formed an employee profit sharing trust, Liberty...

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