Smillie v. Park Chemical Co.

WEICK, Senior Circuit Judge.

The plaintiffs-appellants, Smillie, et ah, filed their complaint in the United States *273District Court for the Eastern District of Michigan, Southern Division, on May 19, 1977, suing individually and derivatively as shareholders of defendant, Park Chemical Company, a corporation, and seeking relief against the corporation and the individual defendants, all of whom were officers and directors of the corporation, for alleged violations of Section 14(a) of the Securities and Exchange Act of 1934, 15 U.S.C. § 78n(a), and applicable SEC rules, in proxy statements issued…