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CANNON v. U. S. ACOUSTICS CORPORATION

No. 74 C 662.

398 F.Supp. 209 (1975)

Charles B. CANNON et al., Plaintiffs, v. U. S. ACOUSTICS CORPORATION, a Florida Corporation, et al., Defendants.

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

June 26, 1975.

Attorney(s) appearing for the Case

Boodell, Sears, Sugrue, Giambalvo & Crowley, Chicago, Ill., for plaintiffs.

Baker & McKenzie, Chicago, Ill., for defendants.

OPINION

MARSHALL, District Judge.

Charles B. Cannon, Richard L. Davis, John G. Marsh, and Jeffrey Ross brought this derivative shareholder's action, as well as personal claims, against the defendants, U.S. Acoustics Corporation (hereinafter "Acoustics"), a Florida corporation, and National Perlite Products, S.A., (hereinafter "Perlite"), a Panamanian Corporation.1 The six-count complaint alleges violations of the Securities Exchange...

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