The Depository Trust & Clearing Corporation v. Billy N. Jones

Miller, Presiding Judge.

*560 *474 In this dispute arising from an allegedly mishandled transfer of stock, shareholder Billy N. Jones sued securities depository The Depository Trust and Clearing Corporation ("DTCC"), transfer agent Computershare, Inc., Ameris Bancorp, and Ameris Bank (collectively, "the defendants"), based upon the defendants' alleged failure to "properly maintain and properly exchange" Jones' stock in The Coastal Bank ("Coastal") following Coastal's acquisition by Ameris Bank. DTCC moved to dismiss Jones' complaint for failure to state a claim pursuant to OCGA § 9-11-12 (b) (6),…