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SUSMAN v. LINCOLN AM. CORP.

No. 73 C 1089.

500 F.Supp. 748 (1980)

Michael SUSMAN, Plaintiff, v. LINCOLN AMERICAN CORPORATION et al., Defendants.

United States District Court, N. D. Illinois, E. D.

November 3, 1980.

Attorney(s) appearing for the Case

A. Bradley Eben, Chicago, Ill., for plaintiff.

John B. Huck and Randall L. Mitchell, Keehn Landis, Chapman & Cutler, Chicago, Ill., for defendants.

MEMORANDUM OPINION AND ORDER

SHADUR, District Judge.

This is a putative class and derivative action filed in 1973 by Michael Susman ("Susman") on behalf of Consumers National Corporation ("Consumers") and its minority shareholders, alleging various violations of the Securities and Exchange Act of 1934 (the "Act") in connection with the merger of Consumers into Lincoln American Life Insurance Company ("Lincoln Life"), a wholly-owned subsidiary of Lincoln...

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