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SAXON v. AUTOMATIC RETAILERS OF AMERICA, INC.

Civ. A. No. 66-328-S.

322 F.Supp. 1309 (1970)

Barney SAXON, Plaintiff, v. AUTOMATIC RETAILERS OF AMERICA, INC., a corporation, Defendant.

United States District Court, N. D. Alabama, S. D.

April 25, 1970.

Attorney(s) appearing for the Case

R. Clifford Fulford, of Levine, Fulford & Pope and Robert C. Garrison, Birmingham, Ala., for plaintiff.

Robert G. Tate of Thomas, Taliaferro, Forman, Burr & Murray, Birmingham, Ala., for defendant.

MEMORANDUM OPINION

LYNNE, Chief Judge.

This diversity action was brought initially for an alleged breach of a stock option agreement and the complaint as originally filed asks alternately for either specific performance or a money judgment. As amended, however, the complaint also seeks reformation of the written option contract and the question of whether reformation will be allowed is presently before the court.

During 1960, plaintiff and several...

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