Liberty Savings & Loan Ass'n v. Mitchell

LEE, Justice,

for the court:

Liberty Savings and Loan Association (Liberty) filed suit in the Circuit Court of Washington County, Honorable B. B. Wilkes, presiding, against Charles A. Mitchell (Mitchell) and others, for damages in the *209sum of twenty-six million dollars ($26,000,-000) based on an alleged breach of fiduciary duty by Mitchell in the management of the association. After an extended period of time, during which the suit was pending, the defendants filed motions to dismiss the suit. The motions were taken under advisement and eventually sustained. Liberty has appealed from the final…