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SUSMAN v. LINCOLN AMERICAN CORPORATION

No. 73 C 1089.

550 F.Supp. 442 (1982)

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

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

October 22, 1982.

Attorney(s) appearing for the Case

Thomas R. Meites and Lee H. Weiner, Meites & Frackman, Chicago, Ill., for plaintiff.

Randall L. Mitchell, Adams, Fox, Marcus, Adelstein & Gerding, Chicago, Ill., for defendants.

MEMORANDUM OPINION AND ORDER

SHADUR, District Judge.

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

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