Legal Opinion

Trimble v. American Savings Life Insurance

Court of Appeals of Arizona

Decided October 23, 1986No. 1 CA-CIV 8003PublishedCited by 25 opinions

1Opinion of the Court

OPINION

GRANT, Presiding Judge.

This is an appeal by American Savings Life Insurance Company and its officers, directors, and executives (American Savings) from the trial court’s adoption of a plan of reorganization. The state has cross-appealed.

FACTS

On March 2, 1977, the State of Arizona (State) filed a lawsuit, through the directors of insurance and securities, against American Savings. The suit alleged a securities and insurance fraud involving the sale of an investment package called the Inflation Beater. 1 The complaint asked for injunctive relief and an order appointing an agent of the…

2Cases cited33 opinions

  1. TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
  2. Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
  3. Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
  4. Fed. Sec. L. Rep. P 95,887 Sundstrand Corporation v. Sun Chemical CorporationCourt of Appeals for the Seventh Circuit · 1977
  5. Fed. Sec. L. Rep. P 99,010 Fred H. Harmsen v. C. Arnholt SmithCourt of Appeals for the Ninth Circuit · 1982

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3Cited by25 opinions

  1. Green v. GreenTennessee Supreme Court · 2009
  2. Dawson v. WithycombeCourt of Appeals of Arizona · 2007
  3. State Ex Rel. Smith v. Kermit Lumber & Pressure Treating Co.West Virginia Supreme Court · 1997
  4. Young Electric Sign Co. v. StateIdaho Supreme Court · 2001
  5. Tucson Unified School District v. Owens-Corning Fiberglas Corp.Arizona Supreme Court · 1993

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