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YABSLEY v. CONOVER

No. 83 C 5606.

644 F.Supp. 689 (1986)

F.G. YABSLEY, Eleanor Yabsley, John W. Davis, Juanita J. Davis, William G. Davis, Chris C. Svendsen, Marjorie S. Bourne, Betty Rose Johnson, Ruth Marie Peyton, Plaintiffs, v. C.T. CONOVER, United States Comptroller of Currency; James E. Brennan, Manager, and Fred D. Finke, Acting Manager, Bank Structure Analysis Bank Organization & Structure, Office of the Comptroller of the Currency; NBE Bancshares, Inc.; National Bank of Earlville; James R. Bann; T.M. Anderson, Sr.; Kenneth Davis; Robert J. Gast; James E. Malley; George W. Norton; Robert Rave; R.W. Strong, & Lester Weidner, Defendants.

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

September 10, 1986.

Attorney(s) appearing for the Case

Lawrence A. Kerns & Assoc., Richard T. Cozzola, Chicago, Ill., for plaintiffs.

Dan K. Webb, U.S. Atty., Gail Ginsberg, Asst. U.S. Atty., Chicago, Ill., Ronald R. Glancz, Frank C. Bonaventure, Washington, D.C., for Conover, Brennan, & Finke.

Paul E. Freehling, Pope, Ballard, Shepard & Fowle, Ltd., Chicago, Ill., for NBE Bancshares, Nat. Bank of Earville; Bann, Anderson, Davis, Gast, Malley, Norton, Rave, Strong & Weidner.

MEMORANDUM OPINION

KOCORAS, District Judge.

The plaintiffs in this action are nine former shareholders of the National Bank of Earlville, (the bank), a publicly-held national bank in Earlville, Illinois. As of July 30, 1982, the plaintiffs owned 818 of the 4000 outstanding shares of bank stock. On or about that date, the bank issued a proxy statement announcing a special shareholders meeting on August 24, 1982 to consider a plan of reorganization. Pursuant...

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