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BEATTY v. BRIGHT

Civ. No. 8-2313-C-1.

345 F.Supp. 1188 (1972)

Richard H. BEATTY et al., Plaintiffs, v. H. Dale BRIGHT et al., Defendants.

United States District Court, S. D. Iowa, C. D.

July 21, 1972.

Attorney(s) appearing for the Case

Ralph R. Randall, Richard H. Beatty, D. J. Fairgrave, Bradshaw, Fowler, Proctor & Fairgrave, Eugene Davis, Duncan, Jones, Riley & Davis, Des Moines, Iowa, for plaintiffs.

Leo Herzel and Franklin P. Auwarter, Chicago, Ill., James H. Carter, Cedar Rapids, Iowa, Richard R. Chabot, William B. McDonald, Austin, McDonald, Myers & Peterson, Des Moines, Iowa, Jerold S. Solovy and John G. Stifler, Jenner & Block, Chicago, Ill., for defendants.

MEMORANDUM AND ORDER

STUART, District Judge.

Plaintiffs brought this action for recision and damages with respect to a consummated merger of Gains Guaranty Corporation (Gains) and Life Investors, Inc. It arises out of proxy solicitation materials sent by the management of Gains to Gains shareholders to secure approval of the sale of substantially all of Gains assets to Life Investors, in return for stock in Life Investors. Judge Stephenson in his Memorandum...

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