Fisher v. Steelville Community Banc-shares, Inc.

MAUS, Judge.

In this action a minority shareholder in a state bank seeks to recover actual and punitive damages from the majority shareholder. The state bank was merged with a national “phantom bank” in which a bank holding company is the sole shareholder. The bank holding company was also the majority shareholder in the state bank and is the principal defendant. The national bank is an added defendant. The trial court sustained the defendants’ motion to dismiss the first amended petition. The plaintiff minority shareholder appeals.

The first amended petition is not a paragon of pleading. It…