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Legal Opinion

Lewis Ex Rel. Citizens Savings Bank & Trust Co. v. Boyd

Court of Appeals of Tennessee

Decided May 29, 1992PublishedCited by 44 opinions

1Opinion of the Court

OPINION

KOCH, Judge.

This appeal involves a dispute between the board of directors and the former president of a Nashville bank. The former president filed a shareholder’s derivative action in the Chancery Court for Davidson County alleging mismanagement and self-dealing by several of the bank’s directors and officers. The trial court dismissed the suit after a special litigation committee appointed by the bank’s board determined that pursuing the litigation would not be in the bank’s best interests. The former president has appealed. We affirm the dismissal of the derivative complaint.

I

Citizens…

2Cases cited24 opinions

  1. Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
  2. Aronson v. LewisSupreme Court of Delaware · 1984
  3. Burks v. LaskerSupreme Court of the United States · 1979
  4. Auerbach v. BennettNew York Court of Appeals · 1979
  5. Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981

19 more not listed; retrieve them via the Exa API.

3Cited by44 opinions

  1. In Re PSE & G Shareholder LitigationSupreme Court of New Jersey · 2002
  2. House v. Estate of EdmondsonTennessee Supreme Court · 2008
  3. McCarthy v. Middle Tennessee Electric Membership Corp.Court of Appeals for the Sixth Circuit · 2006
  4. Einhorn v. CuleaWisconsin Supreme Court · 2000
  5. Akin v. PAFEC Ltd.Court of Appeals for the Eleventh Circuit · 1993

39 more not listed; retrieve them via the Exa API.

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