Fed. Sec. L. Rep. P 93,342 William Dasho v. The Susquehanna Corporation
Court of Appeals for the Seventh Circuit
1Opinion of the Court
STEVENS, Circuit Judge.
American Gypsum Company was merged into Susquehanna Corporation on December 13, 1965. Plaintiffs, as shareholders of Susquehanna, commenced this action in advance of the merger for the purpose of preventing its consummation and also to recover damages for Susquehanna and its pre-merger shareholders. The district court refused to enjoin the merger and dismissed Count I of the complaint which asserted claims under § 17(a) of the Securities Act of 1933 1 and § 10 (b) of the Securities Exchange Act of 1934. 2 Proceedings under Count II, which asserted that the pre-merger…
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