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ALPERN v. UTILICORP UNITED, INC.

Nos. 95-1456, 95-2356.

84 F.3d 1525 (1996)

William ALPERN and Russell D. Miller, on behalf of themselves and all others similarly situated, Appellants, v. UTILICORP UNITED, INC., Appellee.

United States Court of Appeals, Eighth Circuit.

Decided May 17, 1996.

Attorney(s) appearing for the Case

Fred T. Isquith, Neil L. Zola, Wolf & Haldenstein, New York City, Edward Grossmann, Rochelle Feder Hansen, Bernstein & Litowitz, New York City, Bruce Keplinger, Norris & Keplinger, Overland Park, KS, for William Alpern and Russell D. Miller.

William H. Sanders, Sr., Michael J. Thompson, Shirley Ward Keeler, J. Randall Coffey, Jeffrey John Simon, Mark A. Boyd, Blackwell & Sanders, Kansas City, MO, for Utilicorp United, Inc.

Shirley Ward Keeler, Blackwell & Sanders, Kansas City, MO, for John Does, 1 through 10, Richard D. Stegall, and Vincent F. Marquez, Jr.

Before MAGILL, GOODWIN, and MURPHY, Circuit Judges.

DIANA E. MURPHY, Circuit Judge.

William D. Alpern and Russell D. Miller filed this securities fraud suit against UtiliCorp United Inc. (UtiliCorp) on behalf of themselves and similarly situated stock purchasers. Employees of a second-tier subsidiary of UtiliCorp reportedly misappropriated some twenty-one million dollars beginning in September 1990. The misappropriations were not publicly revealed by UtiliCorp until June 1992, along with a $11.6 million charge against...

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