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SHOEN v. AMERCO

No. CV-N-94-0475-ECR.

885 F.Supp. 1332 (1994)

Paul F. SHOEN, Plaintiff, v. AMERCO, a Nevada corporation; Edward J. Shoen, Mark V. Shoen, Aubrey K. Johnson, Richard J. Herrera, William E. Carty, Charles J. Bayer, John M. Dodds, and James P. Shoen, in their capacities as directors of AMERCO; AMERCO Employee Savings, Profit Sharing and Employee Stock Ownership Plan; Edward J. Shoen, Donald W. Murney, and Gary B. Horton, in their capacities as trustees of AMERCO Employee Savings, Profit Sharing and Employee Stock Ownership Plan, Defendants.

United States District Court, D. Nevada.

October 6, 1994.

Attorney(s) appearing for the Case

Richard L. Elmore, Hale, Lane, Peek, Dennison & Howard, Reno, NV, Marc W. Rappel, Gary R. Ignatin, Latham & Watkins, Los Angeles, CA, Mark W. Smith, Latham & Watkins, San Francisco, CA, for plaintiff.

Paul J. Anderson, Walther, Ken, Maupin, Oats, Cox, Klaich & LeGoy, Reno, NV, and Kenneth B. Segel, Seeley, Segel, Goldman & Mazotta, P.C., Albany, NY, for defendants AMERCO Employee Sav., Profit Sharing & Employee Sav., Profit Sharing and Employee Stock Ownership plan.

Gregg W. Zive, Bible, Hoy, Trachok, Wadhams & Zive, Reno, NV, and James A. Ryan, Streich Lang, Renaissance One, Phoenix, AZ, and Jeffrey Willis, Streich Lang, P.A., Tucson, AZ, for defendant AMERCO, a Nev. Corp.

MEMORANDUM AND ORDER

EDWARD C. REED, Jr., District Judge.

I. BACKGROUND.

AMERCO is a holding company. Its principal subsidiary is U-Haul International, Inc. Paul Shoen ("Paul")1 owns just under nine percent of AMERCO's common stock, with an appraised value of over $59 million.2 Paul is trying to change the composition...

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