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SMILLIE v. PARK CHEMICAL CO.

Nos. 81-1278, 81-1286.

710 F.2d 271 (1983)

Charles M. SMILLIE, Jr., et al., Plaintiffs-Appellants-Cross-Appellees, v. PARK CHEMICAL COMPANY, et al., Defendants-Appellees-Cross-Appellants.

United States Court of Appeals, Sixth Circuit.

Decided June 28, 1983.

Rehearing Denied August 5, 1983.

Attorney(s) appearing for the Case

Howard K. Schwartz (argued), Bassey, Selesko, Couzens & Murphy, Southfield, Mich., for plaintiffs-appellants-cross-appellees.

Donald E. Young, Mitchell L. Chyette (argued), Detroit, Mich., for defendants-appellees-cross-appellants.

Before EDWARDS, Chief Judge, CONTIE, Circuit Judge and WEICK, Senior Circuit Judge.

WEICK, Senior Circuit Judge.

The plaintiffs-appellants, Smillie, et al., filed their complaint in the United States District Court for the Eastern District of Michigan, Southern Division, on May 19, 1977, suing individually and derivatively as shareholders of defendant, Park Chemical Company, a corporation, and seeking relief against the corporation and the individual defendants, all of whom were officers and directors of...

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