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PALOWSKY v. PREMIER BANCORP, INC.

No. CA 91 0059.

597 So.2d 543 (1992)

Stanley PALOWSKY and Carol Hargus Palowsky, Individually and on Behalf of all Stockholders of Premier Bancorp, Inc. v. PREMIER BANCORP, INC., Charles W. McCoy, G. Lee Griffin, Donald R. Updegraff, Bert Turner, Melvin Rambin, J.R. Querbes, III, Benjamin M. Peters, C.R. Patterson, Jr., Eugene H. Owen, James B. Nowery, Gordon M. Millet, Frank W. Middleton, Jr., Marvin Marmande, F. Walker Lockett, Jr., Neilson S. Jacobs, Frank W. Harrison, Jr., Floyd J. Gaudet, L.J. Folse, J. Hubert Dumesnil, John H. DeJean, V. Gerald Dean, Arthur J. Broussard, James G. Boyer, Jerry D. Boughton, John C. Blackman, IV and F. Murray Biedenharn.

Court of Appeal of Louisiana, First Circuit.

March 6, 1992.

Attorney(s) appearing for the Case

J. Michael Hart, Monroe, for plaintiff-appellant Stanley R. Palowky, Jr., et al.

Herschel Abbott, Jr., New Orleans, for defendant-appellee Premier Bancorp, Inc.

Before COVINGTON, C.J., and LeBLANC and WHIPPLE, JJ.

LeBLANC, Judge.

This appeal is taken from a judgment maintaining exceptions of no right of action and lack of procedural capacity filed by the defendants in a shareholder's derivative suit.

This shareholder's derivative suit was filed by plaintiffs, Stanley and Carol H. Palowsky, on behalf of themselves and all stockholders of Premier Bancorp, Inc. (Premier); named as defendants were numerous officers and members of the board of directors of Premier, as well...

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