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SEARLS v. GLASSER

No. 94-3572.

64 F.3d 1061 (1995)

Darrell B. SEARLS, on behalf of himself and all others similarly situated, Plaintiff-Appellant, v. James J. GLASSER, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided August 30, 1995.

Attorney(s) appearing for the Case

Kristi L. Browne, Lawrence Walner, Walner & Associates, Chicago, IL, Jerome Congress (argued), Michael C. Spencer, Keith M. Fleischman, Milberg, Weiss, Bershad, Hynes & Lerach, New York City, Lisa I. Vessey, Chicago, IL, for plaintiff-appellant.

Caryn L. Jacobs, Asst. U.S. Atty., Michele Odorizzi (argued), Robert J. Kriss, Scott J. Davis, Herbert L. Zarov, Alan N. Salpeter, Leland H. Chait, Rosaria V. Owen, Mayer, Brown & Platt, Chicago, IL, for defendants-appellees.

Before CUMMINGS, BAUER, and ROVNER, Circuit Judges.

BAUER, Circuit Judge.

Darrell Searls filed this class action against officers of GATX Corporation, alleging claims arising under the Securities Exchange Act of 1934 ("Act"), 15 U.S.C. §§ 78j(b), 78t(a), as well as under state common law. The district court granted the defendants' motion for summary judgment. Searls appeals; we affirm.

GATX is a Chicago-based holding company consisting of five subsidiaries which engage in a variety of diverse operations...

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