LEWIS v. KNUTSON

No. 81-1463.

699 F.2d 230 (1983)

Harry LEWIS, Plaintiff-Appellant, v. Al KNUTSON, et al., Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

February 28, 1983.


Attorney(s) appearing for the Case

Harry Lewis, pro se.

Jackson, Walker, Winstead, Cantwell & Miller, James L. Truitt, Dallas, Tex., for Contran, Inc.

Timothy A. Duffy, Allan Brent Diamond, Dallas, Tex., for Daco Industries, et al.

Kathleen K. Spear, Valerie A. Leopold, Roger L. Taylor, Chicago, Ill., for defendants-appellees excluding Maxfield.

Before INGRAHAM, REAVLEY and POLITZ, Circuit Judges.


INGRAHAM, Circuit Judge:

This appeal arises from a shareholder derivative suit filed on behalf of Contran, Inc., alleging that the Inside Defendants — the officers and directors of Contran, the target company — breached a fiduciary duty by opposing a tender offer by Outside Defendants — the principals of Danco, Inc., the tender offeror — and that both the Inside and Outside Defendants breached a fiduciary duty by entering into a settlement...

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