STARRELS v. FIRST NAT. BANK OF CHICAGO

No. 88-1586.

870 F.2d 1168 (1989)

Joel STARRELS, in a derivative capacity and individually and on behalf of all others similarly situated, Plaintiff, v. FIRST NATIONAL BANK OF CHICAGO, a national banking institution, et al., Defendants-Appellees. Appeal of Patricia Starrels BERNSTEIN, as Legatee of Joel Starrels, deceased, individually, and in a derivative capacity, and on behalf of all others similarly situated.

United States Court of Appeals, Seventh Circuit.

Decided February 24, 1989.


Attorney(s) appearing for the Case

Marshall Patner, Marshall Patner, P.C., Chicago, Ill., for appellant.

Charles W. Douglas, Sidley & Austin, Charles W. Boand, Burke, Wilson & McIlvaine, Chicago, Ill., for defendants-appellees.

Before WOOD and EASTERBROOK, Circuit Judges, and ESCHBACH, Senior Circuit Judge.


ESCHBACH, Senior Circuit Judge.

This appeal challenges the district court's dismissal with prejudice of the appellant's third amended and consolidated complaint.1 In essence, this is a shareholder derivative and class action suit asserting that the directors and officers of First Chicago Corporation ("FCC") and First National Bank of Chicago ("FNBC") have egregiously mismanaged the affairs of the corporations. The appellant raises two...

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