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 A group of shareholders filed suit against Imperial Corp. of America, Drexel Burnham Lambert Inc., First Executive Corp. and others, 
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charging them with artificially inflating Imperial's stock price 
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to protect certain major investors.
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 The complaint,
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 filed in federal district court, 
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accuses Imperial and other defendants of issuing false and misleading financial data.
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 It also charges 
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that Imperial, the holding company for Imperial Savings & Loan, experienced major losses and writedowns
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 because of improper assessment of the risks of junk-bond investments and wholesale consumer loan packages.
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 The suit seeks unspecified damages.
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 Imperial is in the midst 
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of reducing its junk-bond holdings 
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and getting out of the investment banking business 
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in order to return to traditional thrift activities.
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 The derivative suit is similar to a class-action complaint 
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filed earlier this year.
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 Imperial said in a statement 
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it expects other complaints to be filed in the wake of the original suit and a recent article in Barron's magazine 
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that focused on the company's problems.
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 Although an Imperial spokesman said 
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the company hadn't yet been served with the derivative suit, 
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he reiterated the company's statement 
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that it would vigorously defend itself against the class-action suit.
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 Spokesmen at Drexel and First Executive said 
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the companies hadn't yet been served with the suit.
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 In a separate complaint
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 also filed in federal court here, 
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shareholder Max Grill of New York charged Imperial, its top executives and directors with breach of fiduciary duty and squandering the company's assets.
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 Imperial said 
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it hadn't been served with this suit either. 
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