Cattlemen's Investment Company v. Fears

OPINION AND ORDER

EUBANKS, District Judge.

The complaint, filed March 2, 1972, alleges that defendant, George E. Fears (Fears), chairman of the board of directors, president, and the controlling stockholder of National Pioneer Insurance Co. (Pioneer), on October 31, 1971, was the beneficial owner of 120,596 shares, or 4.86%, of the outstanding shares of plaintiff, a security registered with SEC pursuant to Section 12(g) of the Securities Exchange Act; and that, during November and early December of 1971, Fears purchased in his own name and beneficially 177,004 additional shares, thereby…