Valiquet v. First Federal Savings & Loan Ass'n
Appellate Court of Illinois
1Opinion of the Court · WilsonJustice Wilson
Plaintiff appeals the dismissal of her shareholder derivative complaint which alleged that a Federal savings and loan association’s directors and officers usurped the association’s corporate opportunity to operate an insurance agency. She contends that the trial court erred when it dismissed her complaint on grounds that (1) a Federal agency had primary jurisdiction; and (2) she failed to allege facts sufficient to excuse a demand on directors of the association. We reverse and remand.
Plaintiff, a savings account depositor and voting member of First Federal Savings & Loan Association…
Also in this document: Opinion of the Court · Wilson.
2Cases cited17 opinions
- Touche Ross & Co. v. RedingtonSupreme Court of the United States · 1979
- Transamerica Mortgage Advisors, Inc. v. LewisSupreme Court of the United States · 1979
- Rosado v. WymanSupreme Court of the United States · 1970
- Nader v. Allegheny Airlines, Inc.Supreme Court of the United States · 1976
- Burks v. LaskerSupreme Court of the United States · 1979
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- In Re the Visitation of J.O.Indiana Court of Appeals · 1982
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