Marla ROWEN, Mary E. Farnsworth, Charles W. Orr, Douglas L. Tindal, for themselves and all other Policyholders-Members of Le Mars Mutual Insurance Company of Iowa and for themselves and all others similarly situated, Appellees,
v.
LE MARS MUTUAL INSURANCE COMPANY OF IOWA, Alice Alesch, Executor of the Estate of John Alesch, a/k/a John H. Alesch, Joe L. Alesch, Clyde Eastman, Alice W. Alesch, M. H. Tappan, W. K. Tappan, P. G. Vander Merr, a/k/a P. A. Vander Meer, M. H. Gearke, John M. Vollmar, a/k/a John Vollmar and Burton Dull, and The Iowa Mutual Insurance Company of DeWitt, Iowa, Raymond A. Brown, William Couch, George S. Howes, Carl J. Smith, Carman G. Smith, John R. Wilkinson, J. Ray Judge, D. M. Molyneaux, and W. L. Rutenbeck, and Alesch, Inc., Margaret A. Sevenich, Mary Kay Buffington, and Jane M. Warnock, Appellants.
Supreme Court of Iowa.https://leagle.com/images/logo.png
July 11, 1979.
Supplemental Opinion September 19, 1979.
Attorney(s) appearing for the Case
Thomas L. McCullough of McCullough Law Firm, P. C., Sac City, for Iowa Mutual Insurance Co. of Iowa and Alesch, Inc.
Marvin F. Heidman of Gleysteen, Harper, Eidsmoe & Heidman, Sioux City, for Alice Alesch, individually, and as Executor of the Estate of John Alesch, deceased, Margaret A. Sevenich, Mary Kay Buffington, and Jane M. Warnock.
R. Richard Bittner and Robert D. Lambert of Betty, Neuman, McMahon, Hellstrom & Bittner, Davenport, for D. M. Molyneaux.
James W. Crawford and Gerald T. Sullivan of Keyes & Crawford, Cedar Rapids, for John C. Howes.
Timothy J. Walker and Kermit S. Sutton of Whitfield, Musgrave, Selvy, Kelly & Eddy, Des Moines, for R. A. Brown, William Couch, George S. Howes, Carl J. Smith, Carman G. Smith, John R. Wilkinson, J. Ray Judge, and W. L. Rutenbeck.
James M. McNally & James L. George of McNally & George, Le Mars, for John M. Vollmar, Peter A. Vander Meer, and Clyde Eastman.
Robert E. Beebe of Kindig, Beebe, McCluhan, Rawlings & Nieland, Sioux City, for M. H. Gearke.
Frank Jacobs of Jacobs, Gaul, Nymann & Green, Sioux City, for M. H. Tappan and W. K. Tappan.
Charles R. Wolle of Shull, Marshall & Marks, Sioux City, for Burton Dull.
Robert D. Mishne and A. J. Stoik of Stewart, Hatfield, Klass & Whicher, Sioux City, for Le Mars Mutual Insurance Co. of Iowa.
Raymond E. Franck and Michael R. Mundt of Raun, Franck, Mundt & Nepper, Denison, and David C. Bayne, Iowa City, for appellees.
Richard C. Turner, Atty. Gen., and Bruce W. Foudree, Asst. Atty. Gen., for amicus curiae, Herbert W. Anderson, Commissioner of Ins.
Considered en banc.
Supreme Court of Iowa.
LeGRAND, Justice.
This interlocutory appeal is here in a derivative action commenced by two policyholders of Le Mars Mutual Insurance Company (Le Mars) to set aside a contract between Iowa Mutual Insurance Company of DeWitt (Iowa Mutual) and Alesch, Inc. by which control of Le Mars was allegedly illegally transferred to Iowa Mutual. Plaintiffs ask both compensatory and punitive damages and seek general equitable relief.
The defendants are Iowa Mutual and its...
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