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CAUBLE v. WHITE

Civ. A. No. 73-744.

360 F.Supp. 1021 (1973)

Rex C. CAUBLE v. W. Richard WHITE et al.

United States District Court, E. D. Louisiana.

June 14, 1973.

Attorney(s) appearing for the Case

B. G. Minisman, Jr., Newfield & Minisman, Birmingham, Ala., Clifton S. Carl, Garrett, Carl & Roussel, New Orleans, La., for plaintiff.

H. Paul Simon and Robert L. Redfearn, Deutsch, Kerrigan & Stiles, New Orleans, La., for defendants.

REASONS FOR JUDGMENT

R. BLAKE WEST, District Judge.

Fundamentally, this case involves a conflict arising out of the effort of a wealthy businessman to take over, by stock purchase, the control of a bank, and the efforts of those presently in control of the bank to prevent the takeover. As will be seen, neither side played the game according to the rules, and play was suspended. The rules in question are the provisions of the Securities and Exchange Act governing...

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