BERGESON v. LIFE INSURANCE CORPORATION OF AMERICA

No. C-61-57.

170 F.Supp. 150 (1958)

L. Bryan BERGESON, Plaintiff, v. LIFE INSURANCE CORPORATION OF AMERICA, a corporation; Cleo H. Bullard; Lewis R. Rich; Adrian S. Wright; W. Meeks Wirthlin; Harry D. Pugsley; Robert L. McGee; Lawrence H. Birrell; Herbert J. Zimmerman; J. Robert Thomas, Defendants.

United States District Court D. Utah, Central Division.

Judgment Affirmed in Part and Reversed in Part March 16, 1959.


Attorney(s) appearing for the Case

George M. McMillan, of McKay, Burton, McMillan & Richards, Salt Lake City, Utah, for plaintiff.

Jack B. Darragh, Salt Lake City, Utah, for defendant Cleo H. Bullard.

Joseph C. Fratto, Salt Lake City, Utah, for defendant Lewis R. Rich. S. N. Cornwall, of Van Cott, Bagley, Cornwall & McCarthy, Salt Lake City, Utah, for defendants Adrian S. Wright and W. Meeks Wirthlin.

Harry D. Pugsley, of Pugsley, Hayes & Rampton, Salt Lake City, Utah, pro se.

Ray R. Christensen, of Moreton, Christensen & Christensen, Salt Lake City, Utah, for defendants Lawrence H. Birrell, Herbert J. Zimmerman and J. Robert Thomas.


Judgment Affirmed in Part and Reversed in Part March 16, 1959. See 265 F.2d 227.

CHRISTENSON, District Judge.

This is a derivative action by a stockholder on behalf of the Life Insurance Corporation of America against former directors who allegedly caused the corporation to issue capital stock to themselves of a value of approximately $40,300 without the corporation's receiving any value therefor. The complaint was in two...

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