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KARVELAS v. SELLAS

No. 74 C 208.

376 F.Supp. 1010 (1974)

Spero KARVELAS, derivatively on behalf of the shareholders of O'Hare Riviera, Inc., and for himself, Plaintiff, v. John SELLAS et al., Defendants.

United States District Court, N. D. Illinois, E. D.

April 30, 1974.

Attorney(s) appearing for the Case

Ware Adams, Constantine G. Drugas, Chicago, Ill., for plaintiff.

Jerome H. Torshen, Robert F. Berrey, Torshen, Fortes & Eiger, Chicago, Ill., for defendants.

MEMORANDUM OPINION

MARSHALL, District Judge.

Before me is defendants' John Sellas and O'Hare Riviera, Inc. (hereafter "O'Hare") motion to dismiss the complaint pursuant to Rule 12(b)(1) and (6) of the Federal Rules of Civil Procedure.

The complaint is in 3 counts. Count 1 is brought under § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), and Rule 10b-5, promulgated thereunder. Count 2 alleges breaches of defendants John...

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