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DIRKSEN v. HYNES & HOWES INS. COUNSELORS, INC.

Civ. No. 73-257-2.

423 F.Supp. 1290 (1976)

Joseph DIRKSEN et al., Plaintiffs, v. HYNES AND HOWES INSURANCE COUNSELORS, INC., an Iowa Corporation, et al., Defendants.

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

December 10, 1976.

Attorney(s) appearing for the Case

C. Carleton Frederici, A. Arthur Davis, Donald J. Brown, Jack H. Heen, Frank J. Carroll, Thoma, Schoenthal, Davis, Hockenberg & Wine, Des Moines, Iowa, for plaintiffs.

James A. Francis, Tam B. Ormiston, Patrick M. Courtney, Francis, Courtney & Ormiston, Davenport, Iowa, James T. Otis; George E. Weaver, Price, Cushman, Keck, Mahin & Cate, Chicago, Ill., for defendants H & H Ins. Counselors, Inc.; The Frank B. Howes Tr.; Ralph A. Perry; Willis A. Schrampfer; Norman J. Kelinson; Hubert Nelson; John R. Howes; Marion Moorhead; Dale R. Dietz & Richard G. Sage.

David J. Sohr, John E. Nagle, Edward B. Harris, Nagle, Blair & Sohr, Davenport, Iowa, for defendants John J. Hiebing; Ronald C. Mathias; & Hiebing & Mathias, a partnership.

Thomas F. Daley, Jr., Betty, Neuman, McMahon, Hellstrom & Bittner, Davenport, Iowa, for defendants Durwood W. Dircks, A. Fred Berger, Ronald L. Saylor and Dircks, Berger & Saylor.

Sam F. Scheidler, Brent B. Green, Gamble, Riepe, Burt, Webster & Fletcher, Des Moines, Iowa, for defendants Edmund L. Shapley; Robert E. Shapley; Shapley, Jennings & Co., a partnership.

ORDER

HANSON, Chief Judge.

In In re Alodex Corporation Securities Litigation, 392 F.Supp. 672 (D.C.1975), aff'd 533 F.2d 372 (8th Cir. 1976), this Court ruled that the two-year statute of limitations of Iowa's blue sky law applies to federal Rule 10b-5 actions brought in this state. Pending in this securities fraud lawsuit are motions to dismiss which raise questions as...

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