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INVESTORS THRIFT CORP. v. HUNT

No. 74-1544.

511 F.2d 1161 (1975)

INVESTORS THRIFT CORPORATION, Appellant, v. Joe B. HUNT, Insurance Commissioner of the State of Oklahoma, and Receiver of Community National Life Insurance Company, Substitute Defendant for Community National Life Insurance Company, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided January 28, 1975.

Attorney(s) appearing for the Case

H. Clay Robinson, Fort Smith, Ark., for appellant.

Don A. Smith, Fort Smith, Ark., for appellee.

Before JOHNSEN, Senior Circuit Judge, STEPHENSON and WEBSTER, Circuit Judges.

PER CURIAM.

In this action Investors Thrift Corporation seeks damages for Community National Life Insurance Company's alleged anticipatory breach of a stock purchase agreement wherein Community National agreed to purchase all the voting stock of Investors Thrift if certain conditions were met.1 The District Court held that Investors Thrift had failed to sustain its burden of proof and dismissed this action as being without merit.

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