Crocker v. McMullan

MEMORANDUM OPINION AND ORDER

BARBOUR, District Judge.

This matter is before the Court on the Motion of Plaintiff/Intervenor, Federal Deposit Insurance Corporation (“FDIC”), in its corporate capacity, to Dismiss the Complaint filed by Plaintiffs, Ottis B. Crocker, et al., (“Crocker”), and Plaintiffs’ as yet uncertified class of all minority shareholders of the Mississippi Bank (“TMB”), for lack of standing to pursue their claims against Defendants, W.P. McMullan, Jr., et al., as majority shareholders, directors and officers of the now-defunct The Mississippi Bank.

FACTS

Prior to May 11, 1984, TMB…