Anderson v. Daniel

Andrews, Judge.

A group of shareholders in a failed bank corporation sued former directors of the bank alleging that they were injured by the directors’ negligent misrepresentations about the bank’s financial condition which induced them to hold shares of stock which became worthless when the bank failed. The shareholders appeal from the trial court’s order granting the directors’ motion to dismiss the complaint pursuant to OCGA § 9-11-12 (b) (6) for failure to state a claim. We affirm because the allegations of the complaint failed to state a so-called “holder claim” as recognized and limited…