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PETTINELLI v. DANZIG

No. 82-3122.

722 F.2d 706 (1984)

Frank J. PETTINELLI, et al., Plaintiffs-Appellants, v. Edmund R. DANZIG, et al., Defendants-Appellees.

United States Court of Appeals, Eleventh Circuit.

January 12, 1984.

Attorney(s) appearing for the Case

Anthony N. Del Rosso, P.C., Mineola, N.Y., for plaintiffs-appellants.

Antinori & Thury, P.A., Paul Antinori, Jr., Tampa, Fla., Rives, Strohauer & Teevan, P.A., Ronald P. Teevan, Clearwater, Fla., for defendants-appellees.

Before FAY and HENDERSON, Circuit Judges, and TUTTLE, Senior Circuit Judge.

FAY, Circuit Judge:

This stockholder's derivative suit arises out of the formation and capitalization in the early 1970s of Skyway Development Corporation, a Florida land development corporation. The appellants are investors in Skyway who allege that the officers and directors of Skyway violated securities law (15 U.S.C. §§ 77a-77aa), and breached their fiduciary duties as corporate officials causing dilution of appellants' stock. The appellants also allege...

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