Legal Opinion
James D. Massey and Dennis E. Murray, Sr. v. Merrill Lynch & Co., Inc.
Court of Appeals for the Seventh Circuit
Decided September 14, 2006No. 05-3459PublishedCited by 61 opinions
1Opinion of the Court
WILLIAMS, Circuit Judge.
Plaintiffs-appellants James Massey and Dennis Murray, former directors of Conse-co, Inc., sued appellee Merrill Lynch, claiming that Merrill Lynch committed fraud and breached its fiduciary duty by providing an intentionally misleading opinion to Conseco’s Board of Directors (the “Board”) pertaining to the financial soundness of Conseco’s proposed acquisition of Green Tree Financial Corporation (“Green Tree”). Because the plaintiffs’ claims are solely derivative claims and can only be brought on behalf of the corporation (Con-seco), we affirm the district court’s…
2Cases cited19 opinions
- Mid-State Fertilizer Co., Lasley Kimmel, and Maxine Kimmel v. Exchange National Bank of ChicagoCourt of Appeals for the Seventh Circuit · 1989
- Xechem, Inc., and Xechem International, Inc. v. Bristol-Myers Squibb CompanyCourt of Appeals for the Seventh Circuit · 2004
- Philip Joseph Twohy, Jr. v. The First National Bank of ChicagoCourt of Appeals for the First Circuit · 1985
- Moll v. South Central Solar Systems, Inc.Indiana Court of Appeals · 1981
- Barth v. BarthIndiana Supreme Court · 1995
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3Cited by61 opinions
- Tamayo v. BlagojevichCourt of Appeals for the Seventh Circuit · 2008
- Nalco Company v. Chem-Mod, LLCCourt of Appeals for the Federal Circuit · 2018
- Forrest v. Universal Savings Bank, F.A.Court of Appeals for the Seventh Circuit · 2007
- Reid v. Unilever United States, Inc.District Court, N.D. Illinois · 2013
- Ibarra v. City of ChicagoDistrict Court, N.D. Illinois · 2011
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