McKoon v. Jones

Johnson, Judge.

Elizabeth McKoon, as a shareholder of The Citizens Bank and of its holding company Northwest Georgia Financial Corporation, instituted a shareholder’s derivative action against T. Ruben Jones, Jon L. Bloomfield, Steve Jones, Earl Duncan, Stevan H. Crew, J. W. Rake-straw, and Northwest. In her complaint, McKoon alleges that the above-named individuals, who were president, chief executive officer, chairman of the board and members of the board of directors of Citizens Bank and Northwest, wasted the assets of both corporations through acts of negligence and violations of the…