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BALDWIN-UNITED CORP. v. GARNER

No. 84-162.

678 S.W.2d 754 (1984)

283 Ark. 385

BALDWIN-UNITED CORPORATION and D.H. Baldwin Company et al., Appellants, v. Linda N. GARNER, Insurance Commissioner For the State of Arkansas, Appellees.

Supreme Court of Arkansas.

October 22, 1984.

Attorney(s) appearing for the Case

Jacoway & Sherman by William F. Sherman, Little Rock, for Jack Mendel and G. William Ogden, Trustee.

Wright, Lindsey & Jennings, Little Rock, for Baldwin-United; Debevoise & Plimpton, New York City, of counsel.

Wood Law Firm, North Little Rock, by Doug Wood, North Little Rock, for appellee; Freytag, Laforce, Rubinstein, Stutzman & Teafan, Karl L. Rubinstein, Dallas, Tex., of counsel.

HUBBELL, Chief Justice.

Appellants Baldwin-United Corporation and D.H. Baldwin Company appeal from the circuit court's order which adopted a Plan of Rehabilitation proposed by appellee, the Arkansas Insurance Commissioner, and denied appellants' motion to amend the Plan. The Plan concerns three Arkansas insurance companies: National Investors Pension Insurance Company, and Mt. Hood Pension Insurance Company. All three companies are appellants' subsidiaries. Appellants...

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