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FIRST STATE LIFE INSURANCE INVEST., INC. v. 20TH CENTURY CORP.

Civ. A. No. 3645.

309 F.Supp. 1390 (1969)

FIRST STATE LIFE INSURANCE INVESTORS, INC., a Delaware corporation, Plaintiff, v. 20TH CENTURY CORPORATION, a corporation of the Commonwealth of Pennsylvania, Defendant.

United States District Court D. Delaware.

December 30, 1969.

Attorney(s) appearing for the Case

H. James Conaway, Jr., of Young, Conaway, Stargatt & Taylor, and C. Waggaman Berl, Jr., of Booker, Leshem, Green & Shaffer, Wilmington, Del., for plaintiff.

S. Samuel Arsht and Lewis S. Black, of Morris, Nichols, Arsht & Tunnell, Wilmington, Del., for defendant.

OPINION

LAYTON, District Judge.

The opinion of this Court dated December 16, 1969, was withdrawn by order dated December 30, 1969, and this opinion is herewith substituted in lieu thereof.

Plaintiff, First State Life Insurance Investors, Inc. (Investors) caused the organization of First State Life Insurance Company of America (First State Life) for the purpose of the latter engaging in the business of selling life insurance.

Investors attempted...

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