William ALPERN and Russell D. Miller, on Behalf of Themselves and All Others Similarly Situated, Appellants, v. UTILICORP UNITED, INC., Appellee

U.S. Court of Appeals, Eighth Circuit · Decided 1996-05-17

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DIANA E. MURPHY, Circuit Judge. William D. Alpern and Russell D. Miller filed this securities fraud suit against Utili-Corp United Inc. (UtiliCorp) on behalf of themselves and similarly situated stock purchasers. Employees of a second-tier subsidiary of UtiliCorp reportedly misappropriated some twenty-one million dollars beginning in September 1990. The misappropriations were…

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