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CATTLEMEN'S INVESTMENT COMPANY v. FEARS

Civ. No. 72-152.

343 F.Supp. 1248 (1972)

CATTLEMEN'S INVESTMENT COMPANY, a Corporation, Plaintiff, v. George E. FEARS, Defendant, Securities and Exchange Commission, Amicus Curiae.

United States District Court, W. D. Oklahoma.

May 3, 1972.

Attorney(s) appearing for the Case

J. Duke Logan, of Logan & Lowry, Vinita, Okl., and J. B. Bailey, Farmer, Woolsey, Flippo & Bailey, Inc., Tulsa, Okl., for plaintiff.

W. A. McWilliams, Reford Bond, and Reid Robison, Oklahoma City, Okl., for defendant.

James J. Sexton, III, Securities and Exchange Commission, Washington, D. C., amicus curiae.

OPINION AND ORDER

EUBANKS, District Judge.

The complaint, filed March 2, 1972, alleges that defendant, George E. Fears (Fears), chairman of the board of directors, president, and the controlling stockholder of National Pioneer Insurance Co. (Pioneer), on October 31, 1971, was the beneficial owner of 120,596 shares, or 4.86%, of the outstanding shares of plaintiff, a security registered with SEC pursuant to Section 12(g) of the Securities Exchange Act; and...

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