Legal Opinion

Sears v. Likens

Court of Appeals for the Seventh Circuit

Decided August 15, 1990No. 89-2926PublishedCited by 112 opinions

1Opinion of the Court

CRABB, Chief District Judge.

Appellants John H. Sears, Dorothy M. Sears, William J. Sears, Connie J. Sears, Todd A. Sears, Christopher J. Sears, Herman T. Hinshaw and Ruth A. Hinshaw appeal the district court’s dismissal of their complaint raising claims against defendants under the Racketeer Influenced and Corrupt Organizations Act (RICO), the Securities Act of 1933, the Securities Exchange Act of 1934, and Rule 10b-5 (17 C.F.R. § 240.10b-5). We affirm.

Procedural History

Appellants are former minority shareholders of the State Bank of Lapel in Indiana. Appellees are controlling agents of the…

2Cases cited8 opinions

  1. Fed. Sec. L. Rep. P 94,975 Michelle K. Tomera, on Behalf of Herself and All Others Similarly Situated v. Arthur T. Galt, Jr.Court of Appeals for the Seventh Circuit · 1975
  2. Bernard A. Schlifke and Harvey Kallick, D/B/A K & S Investments Co., a Partnership v. Seafirst Corp. And Seattle-First National BankCourt of Appeals for the First Circuit · 1989
  3. Albert Earle Smith-Bey v. Hospital AdministratorCourt of Appeals for the Seventh Circuit · 1988
  4. Randolph J. Greene v. Edwin Meese, IIICourt of Appeals for the Seventh Circuit · 1989
  5. Richard Rylewicz, Thomas Cummings and Barbara Cummings v. Beaton Services, Ltd.Court of Appeals for the Seventh Circuit · 1989

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3Cited by112 opinions

  1. Vicom, Inc. v. Harbridge Merchant Services, Inc., as Successor in Interest to Peach Tree Bancard Corporation, Judy Elliot, James ElliotCourt of Appeals for the Seventh Circuit · 1994
  2. Rombach v. ChangCourt of Appeals for the Second Circuit · 2004
  3. Fed. Sec. L. Rep. P 99,272, 96 Cal. Daily Op. Serv. 5268, 96 Daily Journal D.A.R. 8535 in Re Stac Electronics Securities Litigation. Timothy J. Anderson Neil Singer Arthur Singer, on Behalf of Themselves and All Others Similarly Situated v. Gary W. Clow Douglas Whiting Robert Johnson Alex Brown & Sons Incorporated Lawrence FinchCourt of Appeals for the Ninth Circuit · 1996
  4. California Public Employees' Retirement System v. The Chubb CorporationCourt of Appeals for the Third Circuit · 2004
  5. John A. Ackerman v. Northwestern Mutual Life Insurance CompanyCourt of Appeals for the Seventh Circuit · 1999

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