Russell v. Ray v. Nicholas A. Karris
Court of Appeals for the Seventh Circuit
1Opinion of the Court
FLAUM, Circuit Judge.
Appellants, the minority shareholders of Water Tower Trust & Savings Bank, appeal from the district court’s granting of appellees’ motion pursuant to Rule 12(b)(6) of the Federal Rules of Civil Procedure for failure to state a cause of action under section 10(b) and Rule 10(b)(5) of the Securities Exchange Act of 1934, 15 U.S.C. § 78a, et seq., section 17(a) of the Securities Exchange Act of 1933, 15 U.S.C. § 77a, et seq., and the Racketeer Influenced and Corrupt Organizations Act (“RICO”), 18 U.S.C. §§ 1961-1968 (1980). We affirm the district court’s order with respect…
2Cases cited24 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
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- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977
- Superintendent of Insurance of New York v. Bankers Life & Casualty Co.Supreme Court of the United States · 1971
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