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NASH v. FARMERS NEW WORLD LIFE INS. CO.

No. 76-1819.

570 F.2d 558 (1978)

Ralph NASH and Otto G. Green et al., Plaintiffs-Appellants, v. FARMERS NEW WORLD LIFE INSURANCE COMPANY and Farmers Group, Inc., et al., Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided and Filed February 8, 1978.

Attorney(s) appearing for the Case

Lyman Brownfield, Brownfield, Kosydar, Bowen, Bally & Sturtz, Columbus, Ohio, Roger A. Parkinson, Long & Levit, Los Angeles, Cal., for plaintiffs-appellants.

Dwight I. Hurd, Jack A. Bjerke, Tingley, Hurd & Emens, Columbus, Ohio, for defendants-appellees.

Before PHILLIPS, Chief Circuit Judge, CELEBREZZE, Circuit Judge, and MARKEY, Chief Judge of the Court of Customs and Patent Appeals.

CELEBREZZE, Circuit Judge.

This class action was brought by minority shareholders of the Ohio State Life Insurance Company (OSLICO) seeking damages for alleged violations of the securities laws. The District Court entered a judgment on the merits against Appellants after a bench trial.

Appellee Farmers New World Life Insurance Company (Farmers) is incorporated under the laws of the State of Washington. OSLICO is incorporated in Ohio. In 1965 Farmers purchased...

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