Legal Opinion

Larkin v. Baltimore Bancorp

District Court, D. Maryland

Decided June 21, 1991No. Civ. JFM-91-1239, JFM-91-1410PublishedCited by 3 opinions

1Opinion of the Court

OPINION

MOTZ, District Judge.

These cases arise from a proxy contest for control of Baltimore Bancorp (the “Bank”) between a group of dissident stockholders led by Edwin F. Hale (“Dissidents”) and the Bank’s current management (“Management”). Under the Bank’s existing bylaws six of its eighteen directors were to be elected at the annual stockholders meeting held in May. Dissidents fielded a slate of six candidates for those positions and, in an election whose results are not here challenged, Dissidents’ six candidates were elected.

Dissidents also presented proposals for stockholder vote which…

2Cases cited13 opinions

  1. Cannon v. University of ChicagoSupreme Court of the United States · 1979
  2. Merrill Lynch, Pierce, Fenner & Smith, Inc. v. CurranSupreme Court of the United States · 1982
  3. Blasius Industries, Inc. v. Atlas Corp.Court of Chancery of Delaware · 1988
  4. Newport News Shipbuilding and Dry Dock Company v. Sam A. Howard Director, Office of Workers Compensation Program, United States Department of LaborCourt of Appeals for the Fourth Circuit · 1990
  5. Berlin v. Emerald PartnersSupreme Court of Delaware · 1989

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3Cited by3 opinions

  1. Union of Needletrades, Industrial & Textile Employees v. May Department Stores Co.District Court, S.D. New York · 1997
  2. BADLANDS TRUST CO. v. First Financial Fund, Inc.District Court, D. Maryland · 2002
  3. Barbara S. Larkin Edwin F. Hale, Sr. Charles J. Kelly, Jr. Richard E. Fasold Charles H. Whittum, Jr., in Their Individual Capacities and as Members of the Baltimore Bancorp Stockholders Committee, Baltimore Bancorp Stockholders Committee David S. Hungerford, M.D. Joseph Richard Leon Robert A. Pascal David D. Smith R. Andrew Larkin, Jr. G. Gregory Russell Barry B. Bondroff Herbert F. Lee Paul G. Hays, Jr. Dennis F. Rasmussen Thomas T. Koch Melvin S. Kabik Allen J. Flinchum v. Baltimore Bancorp, a Maryland Bank Holding Company Harry L. Robinson John C. Haigh Charles T. Albert L. Patrick Deering George B. Hess, Jr. W. Clark McClelland Theo C. Rodgers Rodney G. Stieff Robert F. Comstock F. Barton Harvey, Jr. Richard P. Manekin Martin L. Millspaugh Thomas H. Sherlock William A. Kroh John I. Leahy M. Peter Moser George L. Russell, Jr. Eleanor K. Trowbridge, in Their Official Capacities as Officers and Directors of Baltimore Bancorp, and the Corporation Trust Company, Barbara S. Larkin Edwin F. Hale, Sr. Charles J. Kelly, Jr. Richard E. Fasold Charles H. Whittum, Jr., in Their Individual Capacities and as Members of the Baltimore Bancorp Stockholders Committee, Baltimore Bancorp Stockholders Committee David S. Hungerford, M.D. Joseph Richard Leon Robert A. Pascal David D. Smith R. Andrew Larkin, Jr. G. Gregory Russell Barry B. Bondroff Herbert F. Lee Paul G. Hays, Jr. Dennis F. Rasmussen Thomas T. Koch Melvin S. Kabik Allen J. Flinchum v. Baltimore Bancorp, a Maryland Bank Holding Company Harry L. Robinson John C. Haigh Charles T. Albert L. Patrick Deering George B. Hess, Jr. W. Clark McClelland Theo C. Rodgers Rodney G. Stieff Robert F. Comstock F. Barton Harvey, Jr. Richard P. Manekin Martin L. Millspaugh Thomas H. Sherlock William A. Kroh John I. Leahy M. Peter Moser George L. Russell, Jr. Eleanor K. Trowbridge, in Their Official Capacities as Officers and Directors of Baltimore Bancorp, and the Corporation Trust CompanyCourt of Appeals for the Fourth Circuit · 1991

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