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FIRST GENERAL RESOURCES CO. v. ELTON LEATHER CORP.

No. 91-2018.

958 F.2d 204 (1992)

FIRST GENERAL RESOURCES COMPANY; Malcolm M. Kelso; Roy Mers; Osceola Shoe Company, Inc., Appellants, v. ELTON LEATHER CORPORATION; Feuer Leather Corporation; Gerald Greenblatt; Irwin Feuer and Laidlaw; Harold Ohlendorf; Hazen L. Page; William M. Page, Jr.; Aris Paxinos; Price Waterhouse; Robert Sawyer; Robert Schnebel; Winthrop Wadleigh, Appellees.

United States Court of Appeals, Eighth Circuit.

Decided February 26, 1992.

Attorney(s) appearing for the Case

Alan Meda, Phoenix, Ariz., argued (Robert Cook, on brief), for appellants.

John Deacon, Jonesboro, Ark., argued (Ira Greenberg, New York City, Charles Frierson, III, Jonesboro, Ark., on brief), for appellees.

Before WOLLMAN, Circuit Judge, BRIGHT, Senior Circuit Judge, and BEAM, Circuit Judge.

PER CURIAM.

First General Resources Co., by Malcolm M. Kelso and Roy Mers, its trustees, and Osceola Shoe Co., (collectively "Appellants") filed an action in federal district court, alleging that various individuals and entities ("Appellees") had overstated Osceola's value in connection with First General's purchase of the company. The district court dismissed the Appellants' action with prejudice under Federal Rule of Civil Procedure 41(b) for flagrant violations...

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