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CENTRA, INC. v. CHANDLER INS. CO., LTD.

No. S-93-964.

540 N.W.2d 318 (1995)

248 Neb. 844

CENTRA, INC., A DELAWARE CORPORATION, et al., Appellants, v. CHANDLER INSURANCE COMPANY, LTD., A CAYMAN ISLANDS CORPORATION, et al., Appellees.

Supreme Court of Nebraska.

December 1, 1995.

Attorney(s) appearing for the Case

Alan E. Peterson, Lincoln and Henry E. Pfeiffer, of Cline, Williams, Wright, Johnson & Oldfather, Omaha, for appellants.

William M. Lamson, Jr., Michael J. Dugan, and Raymond E. Walden, of Kennedy Holland DeLacy & Svoboda, Omaha and Kenneth N. McKinney, Robert L. Roark, and Mary E. Nelson, of McKinney Stringer & Webster, P.C., Oklahoma, OK, for appellees Chandler Insurance Co. et al.

Don Stenberg, Attorney General, and Fredrick F. Neid, Lincoln, for appellee Nebraska Department of Insurance.

WHITE, C.J., and CAPORALE, FAHRNBRUCH, LANPHIER, CONNOLLY, and GERRARD, JJ.

WHITE, Chief Justice.

This appeal from the Lancaster County District Court arises from a corporate takeover battle wherein the Nebraska Department of Insurance (the department) denied the application of the appellant corporations (applicants) to acquire National American Insurance Company (NAICO). Applicants assign error to two holdings of the district court, which affirmed the decision of the department to deny the application for acquisition. Applicants allege error...

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