Boyce v. American Liberty Insurance

ANDERSON, Chief Judge.

This is a suit for tortious inducement of breach of contract arising out of the same transaction complained of in Civil No. 8490, Boyce v. Merchants Fire Insurance Co., D.C., 204 F.Supp. 311. The facts are as follows:

Between July 16, 1958 and December 31, 1958 American Liberty purchased over 99% of the outstanding stock of Merchants. As a result of a stock dividend and subsequent purchases by American Liberty, there were 100,000 shares of Merchants’ stock outstanding on December 31, 1960 and of these American Liberty owned all but 36% shares. On that date Merchants was…