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YOUNG v. GENERAL ACCEPTANCE CORP.

No. 53A04-9911-CV-498.

738 N.E.2d 1079 (2000)

Rodney E. YOUNG, Jason R. Banach, Karen T. Banach, Ted E. Hall, and Michael E. Hall, on behalf of themselves and all others similarly situated, Appellants-Plaintiffs, v. GENERAL ACCEPTANCE CORPORATION, Malvin L. Algood, Russell E. Algood, Rollin M. Dick, Eugene L. Henderson, Donald E. Brown, James J. Larkin, John G. Algood, Janet Algood, Shirley Cook, Jeffrey J. Algood Irrevocable Trust, David R. Algood Irrevocable Trust, Stuart R. Algood Irrevocable Trust, and Conseco, Inc., Appellees-Defendants.

Court of Appeals of Indiana.

Rehearing Denied January 17, 2001.

Attorney(s) appearing for the Case

Eric Allan Koch, Applegate, McDonald & Koch, P.C., Bloomington, Indiana, Timothy J. Storm, Storm & Gottesman, Chicago, Illinois, Attorneys for Appellants.

Thomas A. Withrow, O. Wayne Davis, B. Keith Shake, Henderson, Daily, Withrow & DeVoe, Indianapolis, Indiana, Geoffrey M. Grodner, Lonnie D. Johnson, Mallor, Clendening, Grodner & Bohrer, LLP, Bloomington, Indiana, Joseph H. Yeager, David K. Herzog, Michael J. Valaik, Baker & Daniels, Indianapolis, Indiana, Attorneys for Appellees.

OPINION

ROBB, Judge

Rodney E. Young, Jason E. Banach, Karen T. Banach, Ted E. Hall and Michael E. Hall, on behalf of themselves and all others similarly situated (referred to collectively as the "common shareholders") sued General Acceptance Corporation ("GAC"), Malvin L. Algood, Russell E. Algood, Rollin M. Dick, Eugene L. Henderson, Donald E. Brown, James J. Larkin, John G. Algood, Janet Algood, Shirley...

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