Legal Opinion
Nelson v. All American Life & Financial Corp.
Court of Appeals for the Eighth Circuit
Decided October 18, 1989No. Nos. 88-2189, 88-2226PublishedCited by 5 opinions
1Opinion of the Court
HEANEY, Senior Circuit Judge.
This is a class action suit brought by minority shareholders resulting from a 1973 merger of General United Group, Inc. (GUG), an insurance company, into All American Life & Casualty Company and All American Life and Financial Corporation (collectively, All American). The plaintiffs objected to the merger, and some refused to cash in their shares at the $3.25 per share offered by All American. In their initial complaint, the plaintiffs alleged that the merger was accomplished in violation of various Iowa statutes and common law, as well as federal securities laws.…
2Cases cited26 opinions
- Solomon Dehydrating Company, Incorporated v. Clarence R. Guyton, Central Greyhound Lines, Incorporated, and the Greyhound CorporationCourt of Appeals for the Eighth Circuit · 1961
- Paddack v. Dave Christensen, Inc.Court of Appeals for the Ninth Circuit · 1984
- Margie P. Hollins v. Robert Lee PowellCourt of Appeals for the Eighth Circuit · 1985
- Kendall/Hunt Publishing Co. v. RoweSupreme Court of Iowa · 1988
- Marjorie Louise Dabney v. Montgomery Ward & Co., Incorporated, and Honeywell, IncCourt of Appeals for the Eighth Circuit · 1985
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3Cited by5 opinions
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- Glenn F. Nelson, Sam Scheidler, and James E. Maloney, Suing on Behalf of Themselves, Individually, and (Pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order Entered September 14, 1976 by Chief Judge Hanson) on Behalf of Members of a Class Consisting of All Persons Who Owned Common Stock of General United Group, Incorporated, an Iowa Corporation, Whose Common Stock Interest Was Terminated by a Purported Merger of General United Group, Incorporated, With Another Corporation on or After May 17, 1973, and the Heirs, Successors by Operation of Law, Legal Representatives, and Assigns of Such Persons, but Excluding Persons Named as in This Civil Action No. 75-100-2, and Also Excluding Those Persons Who Were Members of Plaintiffs' Class in the Case Entitled James Perry Lamb v. United Security Life Company, a Corporation, Civil Action No. 10-295-2 in This Court, and Also Excluding Those Persons Who Filed Timely Requests for Exclusion From the Class in This Civil Action No. 75-100-2 v. All American Life & Financial Corporation, a Corporation, All American Life & Casualty Company, a Corporation General United Group, Incorporated, a Corporation United Security Life Company, a Corporation General United Life Insurance Company, a Corporation, Jack Schroeder Dale H. Squiers Robert L. Busch Everette E. Ballard John W. Gardiner R. Dean Ballard Charles S. Northen, Jr. And John D. Scarlett. Glenn F. Nelson, Sam Scheidler, and James E. Maloney, Suing on Behalf of Themselves, Individually, and (Pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order Entered September 14, 1976 by Chief Judge Hanson) on Behalf of Members of a Class Consisting of All Persons Who Owned Common Stock of General United Group, Incorporated, an Iowa Corporation, Whose Common Stock Interest Was Terminated by a Purported Merger of General United Group, Incorporated, With Another Corporation on or After May 17, 1973, and the Heirs, Successors by Operation of Law, Legal Representatives, and Assigns of Such Persons, but Excluding Persons Named as in This Civil Action No. 75-100-2, and Also Excluding Those Persons Who Were Members of Plaintiffs' Class in the Case Entitled James Perry Lamb v. United Security Life Company, a Corporation, Civil Action No. 10-295-2 in This Court, and Also Excluding Those Persons Who Filed Timely Requests for Exclusion From the Class in This Civil Action No. 75-100-2 v. All American Life & Financial Corporation, a Corporation, All American Life & Casualty Company, a Corporation General United Group, Incorporated, a Corporation United Security Life Company, a Corporation General United Life Insurance Company, a Corporation, All American Life Insurance Company, a Corporation, Jack Schroeder Dale H. Squiers Robert L. Busch Everette E. Ballard John W. Gardiner R. Dean Ballard Charles S. Northen, Jr. And John D. ScarlettCourt of Appeals for the Eighth Circuit · 1989
- Midamar Corp.v. National-Ben Franklin Insurance Co. of IllinoisCourt of Appeals for the Eighth Circuit · 1990
- Midamar Corporation v. National-Ben Franklin Insurance Company of Illinois and Marine Office of America Corporation, Midamar Corporation v. National-Ben Franklin Insurance Company of Illinois and Marine Office of America CorporationCourt of Appeals for the Eighth Circuit · 1990