Sylvester Marx v. Centran Corporation

CONTIE, Circuit Judge.

Plaintiff Sylvester Marx appeals the district court’s grant of summary judgment in favor of the defendants. Marx’s complaint alleged that the defendants violated numerous federal banking laws and breached their common law fiduciary duties to the shareholders of Centran Corporation. The district court found that some of the statutes upon which Marx relied created no cause of action which he could assert either directly or derivatively for the benefit of the corporate defendants and that the remaining statutes were not violated by the defendants. Since the federal claims…