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KANSAS CITY POWER & LIGHT CO. v. FORD MOTOR CREDIT CO.

No. 92-2185.

995 F.2d 1422 (1993)

KANSAS CITY POWER & LIGHT COMPANY, a Missouri corporation, Appellee, v. FORD MOTOR CREDIT COMPANY, a Delaware corporation; McDonnell Douglas Finance Corporation, a Delaware corporation; HEI Investment Corp., a Hawaii corporation, Appellants.

United States Court of Appeals, Eighth Circuit.

Decided June 15, 1993.

Attorney(s) appearing for the Case

Steven Phillips, Seattle, WA (Mark S. Foster and Jeffrey A. Befort, Kansas City, MO, on brief), for appellants.

Karl Zobrist, Kansas City, MO (William Sanders and Roger W. Slead, on brief), for appellee.

Before WOLLMAN and BEAM, Circuit Judges, and NANGLE, Senior District Judge.

WOLLMAN, Circuit Judge.

Kansas City Power & Light Company ("KCPL") instituted this declaratory judgment suit to obtain a determination that it had properly redeemed $10,000,000 worth of preferred stock (the "$12.875 stock") held by three institutional investors, Ford Motor Credit Corporation ("Ford"), McDonnell Douglas Finance Corporation ("McDonnell Douglas"), and HEI Investment Corporation ("HEI"). (Collectively, the three holders of the $12.875 stock will be...

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