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O'BRIEN v. CONTINENTAL ILLINOIS NAT. BANK & TRUST

Nos. 78-1111, 78-1112, 78-1115, 78-1117, 78-1704 to 78-1706 and 78-1708.

593 F.2d 54 (1979)

Harold J. O'BRIEN et al., Plaintiffs-Appellants, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, a National Banking Association, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided February 23, 1979.

As Amended April 5, 1979.

Attorney(s) appearing for the Case

James S. Gordon, Chicago, Ill., for plaintiffs-appellants.

Bryson P. Burnham, Chicago, Ill., for defendant-appellee.

Before TONE and WOOD, Circuit Judges, and CAMPBELL, Senior District Judge.

TONE, Circuit Judge.

The district court dismissed the federal securities law counts of the complaints in these six consolidated cases for failure to state a claim for relief under § 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Subsequently the court dismissed pendent state law counts alleging breaches of fiduciary duty. Final judgments were entered for the defendants. We hold that the court...

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