American Empire Life Insurance Company v. Long

WALTER, Justice.

Ora M. Long filed suit against American Empire Life Insurance Company, hereinafter referred to as American Empire, and National Trust and Security Company, hereinafter referred to as National Trust, alleging fraud • and seeking a judgment declaring void a subscription for 1229 shares of American Empire stock and for a recovery of the purchase price. Each of the defendants filed a plea of privilege and, subject to the plea, a general denial. In a non-jury trial, the court heard the pleas of privilege and the case on its merits together and overruled the pleas of privilege and…