Griffin v. Carmel Bank & Trust Co.

STATEMENT OF THE CASE

NEAL, Judge.

Plaintiff-appellants, Ida M. Griffin, et al., as shareholders of the Carmel Bank and Trust Company (Shareholders), appeal an adverse summary judgment in favor of two of the defendants, Milton J. Fineberg (Fine-berg) and James C. Hilliard (Hilliard), in a derivative action.

We reverse.

STATEMENT OF THE RECORD

Shareholders, Ida M. Griffin, Jack W. Griffin, David F. Tudor, Anthony Stroinski, Robert E. Sauer, and Dorothy M. Sauer, on behalf of themselves and other owners of common stock in the Carmel Bank and Trust Company, filed a derivative action on May 10, 1985,…