McDONALD v. MEDICAL MUTUAL OF CLEVELAND, INC.

No. 921,449.

41 Ohio Misc. 158 (1974)

McDONALD v. MEDICAL MUTUAL OF CLEVELAND, INC., ET AL.

Court of Common Pleas of Cuyahoga County.

Decided March 14, 1974.


Attorney(s) appearing for the Case

Metzenbaum, Gaines, Finley & Stern Co., L. P. A., Mr. Donald M. Robiner, Mr. Marshall J. Wolf, Mr. Marvin E. Sable and Mr. Robert N. Rapp, for plaintiff.

Messrs. Jones, Day, Cockley & Reavis, Mr. Ellis H. McKay, Mr. Thomas E. O'Connor, Jr., Messrs. Vorys, Sater, Seymour & Pease, Mr. John C. Elam, Mr. Thomas B. Ridgley and Mr. Phillip W. Stitchter, for defendants.

Mr. James A. Baker, Mr. Spencer Neth, Mr. Niki Z. Schwartz, Messrs. Gold, Rotatori, Messerman & Hanna and Mr. H. W. Stark, for objectors.


FINK, J.

The primary issue of this case is whether Medical Mutual of Cleveland, Inc., may form and invest in a stock holding company and stock life insurance company as wholly owned subsidiaries. The specific issue now before the court is whether the Stipulation of Settlement achieved by the parties over many months of negotiations should be approved by the court as required by Civ. R. 23(E), as being fair, reasonable...

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