Bacigalupo v. Kohlhepp

OPINION AND ORDER

NICKELL, Judge.

Appellants, Robert and Shirley Baciga-lupo 1 (hereinafter “Bacigalupo”) brought this shareholder’s double derivative action on behalf of FNB Bancorporation, Inc. (hereinafter “FNB”) in the Kenton Circuit Court alleging the appellees, a minority of the officers and directors of FNB, had breached their fiduciary duties to FNB thereby causing FNB and its wholly owned subsidiary, First National Bank of Northern Kentucky (hereinafter “Bank”), to violate laws and suffer long-term financial losses. The trial court granted the appellees’ separate motions to dismiss on…