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OCCIDENTAL LIFE INS. CO. v. PAT RYAN & ASSOC.

Nos. 73-2227, 73-2228.

496 F.2d 1255 (1974)

OCCIDENTAL LIFE INSURANCE COMPANY OF NORTH CAROLINA, Appellee, v. PAT RYAN & ASSOCIATES, INC., Appellant. OCCIDENTAL LIFE INSURANCE COMPANY OF NORTH CAROLINA, Appellant, v. PAT RYAN & ASSOCIATES, INC., Appellee.

United States Court of Appeals, Fourth Circuit.

Decided May 8, 1974.

Attorney(s) appearing for the Case

Richard M. Phillips, Alan J. Berkeley, Gilbert C. Miller, and Gregory T. Diaz, Washington, D.C. (Hill, Christopher & Phillips, P. C., Washington, D.C., George R. Ragsdale, Ragsdale & Liggett, Raleigh, N.C., on briefs), for Occidental Life Ins. Co. of North Carolina.

Reuben L. Hedlund, Garrett B. Johnson, Thomas J. O'Brien, Chicago, Ill., J. Melville Broughton, Jr., and Charles P. Wilkins, Raleigh, N.C. (Kirkland & Ellis, O'Brien & Ruken, Chicago, Ill., Broughton, Broughton, McConnell & Boxley, P. A., Raleigh, N.C., on briefs), for Pat Ryan & Associates, Inc.

Before CRAVEN and WIDENER, Circuit Judges, and WARD, District Judge.

HIRAM H. WARD, District Judge.

This is a timely appeal by Occidental Life Insurance Company of North Carolina (Occidental) and cross appeal by Pat Ryan Associates, Inc. (Associates) from judgment of the district court rendered after the second trial to a jury of this matter.

The particular controversy here concerns the sale of stock to Associates by Occidental. The sale involved all of the outstanding shares of Virginia Surety Company, Inc. (Virginia Surety...

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