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CALHOUN v. WASHINGTON INVESTORS PLANS, INC.

No. 11557.

391 F.2d 535 (1968)

Alan T. CALHOUN, as Executor of the Estate of Julian Calhoun, Deceased, Appellant, v. WASHINGTON INVESTORS PLANS, INC., Bankers Security Life Insurance Society, Empire State Mutual Life Insurance Company and the United States Life Insurance Company, Appellees.

United States Court of Appeals Fourth Circuit.

Decided February 23, 1968.

Attorney(s) appearing for the Case

James B. Stephen, Spartanburg, S. C. (Harvey W. Johnson, Spartanburg, S. C., on brief), for appellant.

Horace L. Bomar, Spartanburg, S. C. (Holcombe, Bomar & Cureton, Spartanburg, S. C., on brief), for appellee Washington Investors Plans, Inc.

Rembert D. Parler, Spartanburg, S. C. (Butler, Chapman & Parler, Spartanburg, S. C., on brief), for appellees insurance companies.

Before SOBELOFF, BOREMAN and BUTZNER, Circuit Judges.

PER CURIAM:

Alan Calhoun, as Executor of the estate of his father, Julian Calhoun, appeals from the District Court's order granting the motions of all defendants-appellees for summary judgment.

The appellee, Washington Investors Plans, was in the business of sponsoring the sale of investment plans involving the accumulation of shares in various mutual funds. Two types of plans were offered. The first, or Systematic Accumulation Plan with Insurance, provided...

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