Thoreson v. Central States Electric Co.

— In April, 1933, plaintiffs in the above suits commenced identical actions at law against defendant alleging the purchase of certain shares of preferred stock from the company, that the sale was made in violation of the provisions of the Iowa Security Act — chapter 393-c1, section 8581-c1 et seq., Code of Iowa, and also alleged an oral agreement by the company to repurchase said stock. On April 3, 1933, defendant filed a motion in each of the cases for more specific statement and to strike. These motions were not submitted to the court, ruled on or withdrawn and are still pending. No answer…