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SMITH v. AYRES

No. 91-1734.

977 F.2d 946 (1992)

Andrew L. SMITH, individually and derivatively on Behalf of Smith Protective Services, Inc., Plaintiff-Appellant, v. R. Jack AYRES, et al., Defendants, R. Jack AYRES, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

Rehearing and Rehearing Denied December 21, 1992.

Attorney(s) appearing for the Case

F. Dean Armstrong, Flossmoor, Ill., for plaintiff-appellant.

Edwin E. Wright, III, Stradley & Wright, Dallas, Tex., for Ayres.

Before WISDOM, REYNALDO G. GARZA, and JONES, Circuit Judges.

Rehearing and Rehearing En Banc Denied December 21, 1992.

EDITH H. JONES, Circuit Judge:

Andrew Smith appeals from the district court's dismissal of his securities fraud claim and his stockholder derivative action. We affirm the trial court's decision in all respects.

BACKGROUND

The instant appeal is but another chapter in a protracted internecine feud among Coralie Smith (mother of Andrew, Clayton, and Mark), Andrew Smith, Clayton Smith...

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