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FORINASH v. DAUGHERTY

No. 13440.

697 S.W.2d 294 (1985)

J.K. FORINASH and J.M. Forinash, his wife, James W. Forinash and Waneda Forinash, his wife, Joseph L. Forinash and Leigh Forinash, his wife, Ivan Boggs and Mary Boggs, his wife, Kathleen Fiquet, Bessie Kelley Herrington, Lilly Hobbs, Glen F. Kirkpatrick and Fern P. Kirkpatrick, his wife, Sylvia White and Helen Wilson, Plaintiffs-Respondents, v. E.L. DAUGHERTY, individually and as an officer and director of the Bank of Raymondville, a Missouri banking corporation, Joe E. Richardson, individually and as a director of the Bank of Raymondville, Maurice W. Covert, individually and as an officer and director of the Bank of Raymondville, E.T. Craig, individually and as a director of the Bank of Raymondville, and F.T. Bates, individually and as a director of the Bank of Raymondville, Defendants-Appellants.

Missouri Court of Appeals, Southern District, Division Two.

Motion for Transfer Denied September 10, 1985.

Application to Transfer Denied September 10, 1985.

Attorney(s) appearing for the Case

Harold J. Fisher, John E. Price, Woolsey, Fisher, Whiteaker, McDonald & Ansley, Springfield, for defendants-appellants.

Kenneth M. Romines, Curtis & Crossen, Clayton, for plaintiffs-respondents.

HOGAN, Judge.

Plaintiffs brought this action in two counts, averring, among other things, that defendants Daugherty, Richardson, Covert, Craig and Bates, acting as officers and directors of the Bank of Raymondville, received an offer from one William L. McKnight to purchase control of the bank; that the defendants, as directors and officers of the bank, thereafter took advantage of this offer, using their favored positions...

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