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INVESTORS THRIFT CORPORATION v. HUNT

No. FS 68 C-71.

387 F.Supp. 517 (1974)

INVESTORS THRIFT CORPORATION, an Arkansas Corporation, Plaintiff, v. Joe B. HUNT, Insurance Commissioner of the State of Oklahoma, and Receiver of Community National Life Insurance Company, Substitute Defendant for Community National Life Insurance Company, a corporation, Defendant.

United States District Court, W. D. Arkansas, Fort Smith Division.

May 10, 1974.

Attorney(s) appearing for the Case

William M. Stocks, and H. Clay Robinson, Pearce, Robinson & McCord, Fort Smith, Ark., for plaintiff.

Don A. Smith, Harper, Young & Smith, Fort Smith, Ark. and James O. Ellison, Boone, Ellison & Smith, Tulsa, Okl., for defendant.

MEMORANDUM OPINION

OREN HARRIS, District Judge.

The plaintiff, Investors Thrift Corporation, an Arkansas corporation (hereinafter referred to as "ITC"), filed this action initially against the Community National Life Insurance Company (hereinafter referred to as "Community National") seeking damages in the sum of Six Hundred Thousand ($600,000.00) Dollars allegedly suffered by the plaintiff as a result of the repudiation by the defendant of certain agreements...

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