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LOCHHEAD v. ALACANO

Civ. No. 86-C-0875A.

662 F.Supp. 230 (1987)

Raymond R. LOCHHEAD, Plaintiff, v. Enes "Sam" ALACANO; George D. Morgan; William G. Gee; David L. Reynolds; Don J. Edwards as Trustee of the Don Edwards Family Trust; Kathleen M. Alacano; and Bernice F. Reynolds, Defendants.

United States District Court, D. Utah, C.D.

June 22, 1987.

Attorney(s) appearing for the Case

Peter Stirba, Benson L. Hathaway, Jr., McKay, Burton & Thurman, Salt Lake City, Utah, Guy R. Lochhead, Pasadena, Cal., for plaintiff.

Richard W. Giauque, Richard W. Casey, Scott M. Lilja, Giauque, Williams, Wilcox & Bendinger, Salt Lake City, Utah, for defendants.

MEMORANDUM OPINION AND ORDER GRANTING DEFENDANTS' MOTION TO DISMISS PLAINTIFF'S FIRST AMENDED COMPLAINT

ALDON J. ANDERSON, Senior District Judge.

I. INTRODUCTION

Plaintiff, formerly a minority shareholder in Arctic Circle, Inc., has sued defendants, former officers and directors of Arctic Circle, claiming that they breached a fiduciary duty owed to him as a shareholder; violated section 10(b) of the Securities Exchange Act of 1934 (15 U.S.C.A. &...

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