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SUSMAN v. LINCOLN AMERICAN CORP.

No. 73 C 1089.

517 F.Supp. 931 (1981)

Michael SUSMAN, Plaintiff, v. LINCOLN AMERICAN CORPORATION, et al., Defendants.

United States District Court, N. D. Ill., E. D.

June 3, 1981.

Attorney(s) appearing for the Case

A. Bradley Eben, Chicago, Ill., for plaintiff.

Keehn Landis, Chapman & Cutler, Chicago, Ill., for defendants.

MEMORANDUM OPINION AND ORDER

SHADUR, District Judge.

In 1973 Michael Susman ("Susman") filed this class and derivative action on behalf of Consumers National Corporation ("Consumers") and its minority stockholders. Susman asserted various violations of the Securities and Exchange Act of 1934 (the "Act") in connection with the merger of Consumers into Lincoln American Life Insurance Company ("Lincoln Life"), a wholly-owned subsidiary of Lincoln American Corporation...

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