WADDELL & REED, INC. v. UNITED INVEST. LIFE INS. CO.

1012054.

875 So.2d 1143 (2003)

WADDELL & REED, INC., et al. v. UNITED INVESTORS LIFE INSURANCE COMPANY.

Supreme Court of Alabama.

As Modified on Denial of Rehearing September 5, 2003.


Attorney(s) appearing for the Case

Caine J. O'Rear III and W. Alexander Moseley of Hand Arendall, L.L.C., Mobile; Roger L. Bates and E. Shane Black of Hand Arendall, L.L.C., Birmingham; and Orrin L. Harrison III of Vinson & Elkins, L.L.P., Dallas, Texas (brief in opposition to application for rehearing filed by Caine J. O'Rear III and W. Alexander Moseley of Hand Arendall, L.L.C., Mobile; Roger L. Bates and E. Shane Black of Hand Arendall, L.L.C., Birmingham; Orrin L. Harrison III of Akin Gump Strauss Hauer & Feld, LLP, Dallas, Texas; and Vinson & Elkins, L.L.P., Dallas, Texas), for appellants.

William J. Baxley and Joel E. Dillard of Baxley Dillard Dauphin & McKnight, Birmingham; Hobart A. McWhorter, Jr., James W. Gewin, Michael R. Pennington, and Matthew H. Lembke of Bradley Arant Rose & White, LLP, Birmingham; Peter Q. Bassett and Betsy P. Collins of Alston & Bird, LLP, Atlanta, Georgia; and William R. Sampson and Scott C. Nehrbass of Shook Hardy & Bacon, LLP, Overland Park, Kansas (brief in support of application for rehearing filed by William J. Baxley and Joel E. Dillard of Baxley Dillard Dauphin McKnight & Barclift, Birmingham; Hobart A. McWhorter, Jr., James W. Gewin, Michael R. Pennington, and Matthew H. Lembke of Bradley Arant Rose & White, LLP, Birmingham; Peter Q. Bassett and Betsy P. Collins of Alston & Bird, Atlanta, Georgia; and William R. Sampson and Scott C. Nehrbass of Shook Hardy & Bacon, LLP, Overland Park, Kansas), for appellee.


On Application for Rehearing

LYONS, Justice.

The opinion of April 18, 2003, is withdrawn, and the following is substituted therefor.

Waddell & Reed, Inc.; Waddell & Reed Financial, Inc.; Waddell & Reed Financial Services, Inc.; W & R Insurance Agency, Inc.; and W & R Insurance Agency of Alabama, Inc. (hereinafter referred to collectively as "W & R"), appeal from a judgment...

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