MELLMAN v. SOUTHLAND RACING CORP.

No. J-C-80-220.

575 F.Supp. 144 (1983)

Gerald MELLMAN and Bernard Thorn, doing business as Mellman and Thorn Investments, on behalf of themselves, and on behalf of a class of persons similarly situated, Plaintiffs, v. SOUTHLAND RACING CORPORATION, a corporation, Defendant.

United States District Court, E.D. Arkansas, Jonesboro Division.

November 10, 1983.


Attorney(s) appearing for the Case

Harold J. Tomin, Los Angeles, Cal., Richard C. Downing, Little Rock, Ark., for plaintiffs.

Alston Jennings, Peter G. Kumpe, Wright, Lindsey & Jennings, Little Rock, Ark., for defendant.


MEMORANDUM OPINION

WOODS, District Judge.

FINDINGS OF FACT

1. The named plaintiffs, Bernard Thorn and Gerald Mellman, reside in Denver, Colorado and operate an investment partnership which owned 120 shares of Southland Racing Corporation (SRC) at the time of a reverse stock split in mid-1980. The investment partnership had acquired the SRC stock in the late 1950s or early 1960s.

2. The plaintiff class (excluding those opting out) as certified...

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