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ROYAL UNION LIFE INS. CO. v. GROSS

Nos. 10090, 10106.

76 F.2d 219 (1935)

ROYAL UNION LIFE INS. CO. v. GROSS et al. GREAT REPUBLIC LIFE INS. CO. v. SAME.

Circuit Court of Appeals, Eighth Circuit.

February 25, 1935.

Attorney(s) appearing for the Case

Guy A. Miller, of Des Moines, Iowa, and John D. McComb, of Jacksboro, Tex. (Hugh W. Darling, of Los Angeles, Cal., on the brief), for appellants.

J. G. Gamble, of Des Moines, Iowa (R. L. Read, of Des Moines, Iowa, and Fred B. Shoaff, of Fort Wayne, Ind., on the brief), for appellee Lincoln Nat. Life Ins. Co.

Phineas M. Henry and John Inghram, both of Des Moines, Iowa, for L. A. Andrew and E. W. Clark, Commissioner of Insurance of the State of Iowa, receivers of Royal Union Life Ins. Co.

Before WOODROUGH, Circuit Judge, and FARIS, District Judge.

WOODROUGH, Circuit Judge.

On June 3, 1933, a stockholder of the Royal Union Life Insurance Company of Des Moines, an Iowa insurance corporation, filed a bill for himself and others similarly situated alleging, among other things, that the company's outstanding insurance then in force amounted to approximately $145,000,000; that its liabilities, exclusive of capital stock, amounted to $36,729,596.81 and that its assets, though shown in its financial statement to be...

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