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CENTRAL STANDARD LIFE INS. CO. v. DAVIS

No. 33610.

7 Ill.2d 266 (1955)

130 N.E.2d 169

CENTRAL STANDARD LIFE INSURANCE COMPANY, Appellant, v. C. HAYDEN DAVIS et al., Appellees.

Supreme Court of Illinois.

Opinion filed November 23, 1955.

Attorney(s) appearing for the Case

VERNON R. LOUCKS, of Chicago, and H.E. FULLENWIDER, of Springfield, (CHARLES O. LOUCKS, and JAMES L. HENRY, of counsel,) for appellant.

BARBER & BARBER, of Springfield, and E.K. BEKMAN, of Ottumwa, Iowa, (CLAYTON J. BARBER and ALTON G. HALL, of counsel,) for appellee C. Hayden Davis et al.; GIFFIN, WINNING, LINDNER & NEWKIRK, of Springfield, MONTGOMERY S. WINNING, of counsel,) for appellee Abraham Lincoln Hotel Company.

Cause transferred.

Mr. JUSTICE SCHAEFER delivered the opinion of the court:

Central Standard Life Insurance Company filed its complaint in the circuit court of Sangamon County as a class action on behalf of itself and approximately three hundred other holders of the preferred capital stock of the Abraham Lincoln Hotel Company, Springfield, Illinois, asking that the court direct and decree that the business of the Hotel Company be liquidated, its assets, consisting...

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