Legal Opinion
Silver v. Allard
District Court, N.D. Illinois
Decided August 18, 1998No. 97 C 8343, 97 C 8617PublishedCited by 9 opinions
1Opinion of the Court
OPINION AND ORDER
NORGLE, District Judge.
Before the court are the motions of Defendants and Nominal Defendants to dismiss [Docket Nos. 48-1; 50-1] Plaintiffs’ consolidated complaint. For the following reasons, the motions of Defendants and Nominal Defendants are granted.
I. BACKGROUND
On May 8, 1998, Plaintiffs, Sidney J. Silver, Rebecca Whelan, and Steven J. Gutter, as shareholders 1 of Unicom Corporation (“Unicom”) filed a Consolidated Derivative Action Complaint for Breach of Fiduciary Duty. The Shareholders seek to bring a “double derivative suit” 2 on behalf of Unicom and Commonwealth…
2Cases cited11 opinions
- Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
- Aronson v. LewisSupreme Court of Delaware · 1984
- Allen v. Transamerica InsuranceCourt of Appeals for the Seventh Circuit · 1997
- Brown v. TenneyIllinois Supreme Court · 1988
- Spillyards v. AbboudAppellate Court of Illinois · 1996
6 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- In Re Abbott Laboratories Derivative Shareholders LitigationCourt of Appeals for the Seventh Circuit · 2003
- Hicks Ex Rel. Union Pacific Corp. v. LewisCourt of Appeals of Tennessee · 2003
- Federal Deposit Insurance v. SpanglerDistrict Court, N.D. Illinois · 2011
- Buntrock v. TerraAppellate Court of Illinois · 2004
- Federal Deposit Insurance v. BaldiniDistrict Court, S.D. West Virginia · 2013
4 more not listed; retrieve them via the Exa API.