Legal Opinion

Palmer v. U.S. Savings Bank of America

Supreme Court of New Hampshire

Decided February 6, 1989No. 88-181PublishedCited by 6 opinions

1Opinion of the CourtJohnson, J.

The plaintiffs, Ansell W. Palmer, Frederick W. Lowell, Roberta W. Young and Thomas T. Hodge, appeal from an order of the Superior Court (Gray, J.) dismissing the derivative action they brought on behalf of the U.S. Savings Bank of America (the Bank). The action, which alleges breach of fiduciary duties by the defendant directors of the Bank, Joseph Fanaras, Richard K. Parker, Jr., Jeffrey Breiseth, Charles Mutrie, Kenneth Malcolm, Paul Mclnnis, Charles Keenan, Theresa Sparks, Frank Conte and James N. Walsh, was dismissed on the ground that the plaintiffs lack standing to bring the action…

2Cases cited14 opinions

  1. Bangor Punta Operations, Inc. v. Bangor & Aroostook RailroadSupreme Court of the United States · 1974
  2. duPont v. WylyDistrict Court, D. Delaware · 1973
  3. Davis v. Comed, Inc.Court of Appeals for the Sixth Circuit · 1980
  4. G. A. Enterprises, Inc. v. Leisure Living Communities, Inc.Court of Appeals for the First Circuit · 1975
  5. Catherine Wilson Nolen, on Behalf of Herself and All Other Stockholders of the Shaw-Walker Company v. The Shaw-Walker CompanyCourt of Appeals for the Sixth Circuit · 1971

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3Cited by6 opinions

  1. Woods v. Wells Fargo Bank WyomingWyoming Supreme Court · 2004
  2. Durham v. DurhamSupreme Court of New Hampshire · 2005
  3. Lowell v. U.S. Savings Bank of AmericaSupreme Court of New Hampshire · 1990
  4. Robbins v. Tweetsie Railroad, Inc.Court of Appeals of North Carolina · 1997
  5. Lath v. Oak Brook Condominium, et al.District Court, D. New Hampshire · 2017

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