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JOHNSTON v. CIGNA CORP.

Civ. A. No. 90-B-0177.

755 F.Supp. 339 (1991)

Larry D. JOHNSTON, Lawrence G. Lyon and H. Rodgers Company, a Colorado general partnership, Plaintiffs, v. CIGNA CORPORATION, a Delaware corporation, Cigna Individual Financial Services Company, a Delaware corporation, Cigna Securities, Inc., a Delaware corporation, Cigna Financial Partners, Inc., a Delaware corporation, Cigna Holdings, Inc., a Delaware corporation, and M. Doak Jacoway, Defendants.

United States District Court, D. Colorado.

January 9, 1991.

Attorney(s) appearing for the Case

Alan C. Friedberg, Pendleton & Sabian, P.C., Denver, Colo., for plaintiffs.

David G. Palmer, Thomas M. Piccone, Gibson, Dunn & Crutcher, Denver, Colo., for defendants.

MEMORANDUM OPINION AND ORDER

BABCOCK, District Judge.

CIGNA Corporation, CIGNA Individual Financial Services Company, CIGNA Securities, Inc., CIGNA Financial Partners, Inc., CIGNA Holdings, Inc., and M. Doak Jacoway (collectively CIGNA) move to dismiss the claims of Larry D. Johnston, Lawrence G. Lyon and H. Rodgers Company (investors). The investors allege that, in selling certain securities in 1983 and in 1987, CIGNA violated section 10(b) of the Securities...

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