Niesz v. Gorsuch

295 F.2d 909 Vernon E. NIESZ, Edwin B. Pegram, Francis I. Sabo, Hjalmar B. Landoe, Elmer W. Duhame, Angus J. DePinto, John D. Ballantyne and Roslyn B. Croydon, Appellants, v. John S. GORSUCH, on Behalf of Himself and All Other Shareholders of United Security Life, et al., Appellees. No. 17114. United States Court of Appeals Ninth Circuit. October 25, 1961. Frank E. Flynn, Gust, Rosenfeld & Divelbess, Phoenix, Ariz., for appellant Elmer W. Duhame. Herbert Mallamo, Evans, Kitchel & Jenckes and Jos. S. Jenckes, Jr., Phoenix, Ariz., for appellant Angus J. DePinto. George W. Botsford, T. W. Shumway and Guy C. Wilson, Scottsdale, Ariz., for appellant Sabo, Pegram and Landoe. W. Lee McLane, Jr., and Nola McLane and Thaddeus Rojek, Phoenix, Ariz., for appellees. Before BARNES, HAMLEY and JERTBERG, Circuit Judges. HAMLEY, Circuit Judge. 1 This is a stockholder's derivative action brought on behalf of United Security Life, "United," an Arizona stock insurance corporation, by John S. Gorsuch, a citizen of the State of Ohio. Instituting the suit in the United States District Court for the District of Arizona, Gorsuch named as defendants, in addition to United, American Security…