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GREAT RIVERS CO-OP v. FARMLAND INDUSTRIES, INC.

Civil No. 4-95-70529.

934 F.Supp. 302 (1996)

GREAT RIVERS COOPERATIVE OF SOUTHEASTERN IOWA, et al., Plaintiffs, v. FARMLAND INDUSTRIES, INC., et al., Defendants.

United States District Court, S.D. Iowa, Central Division.

July 3, 1996.

Attorney(s) appearing for the Case

Frank A. Taylor, Popham Haik Schnobrich & Kaufman Ltd., Minneapolis, MN, Richard H. Zimmermann, Zimmermann & Zanville, Iowa City, IA, for plaintiffs.

Brad J. Brady, Thomas B. Read, Crawford Sullivan Read Roemerman & Brady PC, Cedar Rapids, IA, William C. Martucci, Michael F. Saunders, Spencer Fane Britt & Browne, Kansas City, MO, for defendants.

RULING DENYING DEFENDANTS' MOTION FOR SUMMARY JUDGMENT AGAINST TACEY ON COUNT VI

VIETOR, District Judge.

Background

In this class action, plaintiffs are holders of "capital credits," a type of non-voting equity, in defendant Farmland Industries ("Farmland"). Plaintiffs allege that Farmland and Harry D. Cleberg, H. Wayne Rice, and Albert Shively, officers and/or directors of Farmland and its subsidiary, Farmland Foods, created a scheme under which...

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