Tafflin v. Levitt
Court of Special Appeals of Maryland
1Opinion of the Court
HARRELL, Judge.
This is an appeal from the dismissal of consolidated cases by the Circuit Court for Baltimore City (Kaplan, J.) on 12 March 1991. The issue presented is whether appellants, depositors of an insolvent savings and loan association, stated a claim that may be brought individually against former officers and directors of the savings and loan and others. The circuit court held that appellants had failed to do so. For reasons we shall explain, we affirm.
Facts
These consolidated cases arise out of the failure of Old Court Savings & Loan, Inc. (hereinafter “Old Court”), a…
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