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OTTO v. VARIABLE ANNUITY LIFE INS. CO.

No. 82 C 4762.

611 F.Supp. 83 (1985)

Beverly J. OTTO, Individually and on Behalf of all Others Similarly Situated, Plaintiff, v. VARIABLE ANNUITY LIFE INSURANCE COMPANY, a Stock Life Insurance Company Organized Under the Laws of the State of Texas, Charles T. Bauer, Mortimer M. Caplin, Henry Chauncey, Harry C. Copeland, Jr., W. Thomas Fiquet, Frederick M. Glass, Grinnel Morris, Roy T. Parker, Jr., Robert S. Phillips, Michael E. Puyans, W. Dawson Sterling, Benjamin N. Woodson, Philip G. Davidson III, Andrew Delaney, Joe F. Flack, Richard H. Hanneman, Harold S. Hook, Marden Miller, John J. Plumb, George F. Reed, Robert L. Baldwin, Stephen D. Bickel, Terrence J. Conlan, Joe D. Heusi, John D. Hogan, William B. Pardue, William C. Phelps, Michael J. Poulos, Robert O. Purcifull, Diane G. D'Agostino, and Gregory C. Wilcox, Individually Variable Annuity Life Insurance Company Separate Account One, and American General Corporation, Defendants.

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

April 11, 1985.

Attorney(s) appearing for the Case

Frederic J. Otto, and Lowell H. Jacobson, James A. Brandvik, Craig E. Anderson and Herbert I. Rothbart, Chicago, Ill., for plaintiff.

Randall L. Mitchell, Deborah A. Devaney, Philip Fertik, Adams, Fox, Adelstein & Rosen, Chicago, Ill., for defendants.

MEMORANDUM OPINION AND ORDER

ASPEN, District Judge:

Plaintiff Beverly J. Otto ("Otto"), on behalf of herself and others similarly situated, brings this suit against the Variable Annuity Life Insurance Company ("VALIC") and certain affiliated companies and named directors of VALIC, alleging, inter alia, violations of the Securities Exchange Act of 1934, 15 U.S.C. § 78a et seq.; the Employee Retirement Income Security Act of 1974 ("ERISA...

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