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FIRST SURETY CORP. v. COMMUNITY BANK

No. 71-2131.

347 F.Supp. 59 (1972)

FIRST SURETY CORP., a corporation, et al., Plaintiffs, v. COMMUNITY BANK, a corporation, et al., Defendants.

United States District Court, C. D. California.

June 15, 1972.

Attorney(s) appearing for the Case

Keatinge, Libott, Bates & Loo by Richard H. Keatinge, M. S. McMillan, Los Angeles, Cal., for plaintiffs.

Adams, Duque & Hazeltine by William F. Davis, III, Charles Griffin Cale, Los Angeles, Cal., for defendants.

MEMORANDUM OF DECISION

WHELAN, District Judge.

In this case plaintiffs allege that defendants have violated certain provisions of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. The case concerns the ownership of 391,906 shares of the capital stock of plaintiff First Surety Corp. [hereinafter First Surety], which shares are 26% of the First Surety shares outstanding...

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