Legal Opinion
Overberger v. BT Financial Corp.
District Court, W.D. Pennsylvania
Decided June 12, 1985No. Civ. A. No. 83-726PublishedCited by 5 opinions
1Opinion of the Court
MEMORANDUM OPINION
TEITELBAUM, Chief Judge.
Plaintiffs, as stockholders of Laurel National Bank (LNB), brought this shareholder derivative suit against directors and officers of LNB. The complaint, as amended, alleged the individual defendants made loans in excess of LNB’s lending limit and failed to disclose the excessive loans in proxy statements. Violations of sections 84 and 161(a) of the National Banking Act, 12 U.S.C. §§ 84 and 161(a), and section 14(d) of the Securities Exchange Act of 1934, 15 U.S.C. § 78n, as well as common law negligence were alleged.
During the pendency of this…
2Cases cited13 opinions
- Alexander Kahan, on Behalf of Himself and All Others Similarly Situated v. Lewis RosenstielCourt of Appeals for the Third Circuit · 1970
- Harry Lewis v. Al KnutsonCourt of Appeals for the Fifth Circuit · 1983
- Gallup v. CaldwellCourt of Appeals for the Third Circuit · 1941
- Harold DRACHMAN and Claire Drachman, Plaintiffs-Appellants, v. Lawrence A. HARVEY Et Al., Defendants-AppelleesCourt of Appeals for the Second Circuit · 1972
- Dudley Warren Schilling, Cross v. J. A. Belcher, Sr., Cross Dudley Warren Schilling v. J. A. Belcher, Sr.Court of Appeals for the Fifth Circuit · 1978
8 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Shelton v. ThompsonSupreme Court of Alabama · 1989
- Recchion, Westinghouse Elec. Corp. v. KirbyDistrict Court, W.D. Pennsylvania · 1986
- Keyser v. Commonwealth National Financial Corp.District Court, M.D. Pennsylvania · 1988
- Drain v. Covenant Life InsuranceSuperior Court of Pennsylvania · 1996
- RECCHION ON BEHALF OF WESTINGHOUSE ELEC. v. KirbyDistrict Court, W.D. Pennsylvania · 1985