Nathan v. Rowan
Court of Appeals for the Sixth Circuit
1Opinion of the Court
NATHANIEL R. JONES, Circuit Judge.
Edward Nathan brought this shareholder’s derivative action against officers and directors of Fruehauf Corporation. Nathan alleged that Robert Rowan and William Grace caused Fruehauf to violate the federal excise tax laws and the federal securities fraud laws. Nathan further alleged that all the named defendants breached their fiduciary duties to Fruehauf by permitting the aforementioned violations to transpire. The district court dismissed Nathan’s claims accruing prior to the spring of 1973 against all defendants as res judicata because in a prior-…
2Cases cited23 opinions
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