FRY v. UAL CORP.

No. 95-3157.

84 F.3d 936 (1996)

William R. FRY, et al., Plaintiffs-Appellants, v. UAL CORPORATION, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided May 23, 1996.

Rehearing and Suggestion for Rehearing Denied July 3, 1996.


Attorney(s) appearing for the Case

Fay Clayton, Robinson, Curley & Clayton, Chicago, IL, Charles Barnhill, Jr., Davis, Miner, Barnhill & Galland, Madison, WI, David B. Kahn, Mark E. King, argued, Kahn & Associates, Northfield, IL, for Plaintiffs-Appellants.

Susan Getzendanner, argued, Charles F. Smith, John K. Lyons, Skadden, Arps, Slate, Meagher & Flom, Stephen P. Sawyer, United Airlines, Chicago, IL, for Defendant-Appellee.

Before POSNER, Chief Judge, and KANNE and EVANS, Circuit Judges.


Rehearing and Suggestion for Rehearing En Banc Denied July 3, 1996.

POSNER, Chief Judge.

This is a class action on behalf of persons who sold either common stock of Allegis Corporation (now UAL Corporation) or puts in common stock of Allegis between October 29 and December 8, 1987. The plaintiffs complain that Allegis defrauded them, in violation of Rule 10b-5 of the Securities and Exchange Commission, by concealing information that if revealed would have...

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