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LODE v. LEONARDO

No. 82 C 4122.

557 F.Supp. 675 (1982)

Edward LODE, Jr., et al., Plaintiffs, v. Gary LEONARDO, et al., Defendants.

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

October 12, 1982.

Attorney(s) appearing for the Case

Demetri J. Retson, Richard J. Lipschultz, Bortman, Retson & Lipschultz, Chicago, Ill., for plaintiffs Edward Lode, Jr., Anne S. Lode, John L. Jachimiec, Nicholas Kupchick, and Cecilia Jachimiec.

Thomas P. Ward, Chicago, Ill., for defendants Gary Leonardo, Seymour Goldgehn, Leonard Musich, Bernard Davis, Clifford McGillivray, Hickory Bancorp, Inc., Bank of Hickory Hills, Worth Bancorp, Inc. and Worth Bank & Trust.

MEMORANDUM OPINION

KOCORAS, District Judge:

This case is before the Court on the defendants' motion to dismiss the Amended Verified Complaint ("Complaint") in its entirety. The case involves a shareholders' derivative action brought on behalf of the shareholders of four Illinois corporations. Two of the defendant corporations, Hickory Bancorp, Inc. and Worth Bancorp, Inc., are bank holding companies. The other two corporate defendants are the banks controlled...

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