Young v. General Acceptance Corp.

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. Al-good, Rollin M. Dick, Eugene L. Henderson, Donald E. Brown, James J. Larkin, John G. Algood, Janet Algood, Shirley Cook, the Jeffrey J. Algood Irrevocable Trust, the David R. Algood Irrevocable Trust, the Stuart R. Algood Irrevocable Trust, and Conseco, Inc. (referred to collectively as the “defendants”)…