Legal Opinion

Benfield v. Wells

Court of Appeals of Georgia

Decided October 2, 2013No. A13A1157PublishedCited by 5 opinions

1Opinion of the Court

Miller, Judge.

Sharon Benfield, a shareholder in SunTrust Banks, Inc., appeals from the trial court’s dismissal, pursuant to OCGA § 14-2-744 (a), of her shareholder’s derivative suit alleging breaches of fiduciary duty, unjust enrichment, abuse of control, gross mismanagement, and waste of corporate assets by current and former members of Sun-Trust’s Board of Directors (“the Board”) and executive officers.1 Benfield contends that the trial court erred in failing to find that material questions of fact remain regarding the independence of the Demand Review Committee (“DRC”) that was authorized…

2Cases cited5 opinions

  1. Millsap v. American Family Corp.Court of Appeals of Georgia · 1993
  2. Stephens v. McGarrityCourt of Appeals of Georgia · 2008
  3. Thompson v. Scientific Atlanta, Inc.Court of Appeals of Georgia · 2005
  4. Mannato v. SunTrust Banks, Inc.Court of Appeals of Georgia · 2011
  5. Goldstein v. WellsCourt of Appeals of Georgia · 2009

3Cited by5 opinions

  1. William R. Deal v. Tugalo Gas Company, Inc.Court of Appeals for the Eleventh Circuit · 2021
  2. Conroy ex rel. Aflac, Inc. v. Daniel P. Amos, Paul S. Amos Ii, Douglas W. Johnson, Charles B. Knapp, Barbara K. Rimer, Elizabeth Hudson, W. Paul Bowers, Joseph L. Moskowitz, Melvin T. Stith, & Aflac, Inc.District Court, M.D. Georgia · 2018
  3. HUIMING SONG v. EGPS SOLUTIONS I, INC.Court of Appeals of Georgia · 2024
  4. LR Trust ex rel. SunTrust Banks, Inc. v. RogersDistrict Court, N.D. Georgia · 2017
  5. Martin Conroy v. Paul S. Amos, IICourt of Appeals for the Eleventh Circuit · 2019

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