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BLUMENTHAL v. TEETS

No. 1 CA-CIV 8894.

155 Ariz. 123 (1987)

745 P.2d 181

Jerome S. BLUMENTHAL, Plaintiff-Appellant, v. John TEETS and Jane Doe Teets, husband and wife, et al., Defendants-Appellees, and The Greyhound Corporation and Greyhound Leasing and Financial Corporation, Nominal Defendants-Appellees.

Court of Appeals of Arizona, Division 1, Department C.

September 24, 1987.

Attorney(s) appearing for the Case

Hecker, Phillips & Hooker by Robert J. Hooker, Tucson, and Abbey & Ellis by Ralph L. Ellis, Mark C. Gardy, New York City, for plaintiff-appellant.

Lewis and Roca by Douglas L. Irish, Dale A. Danneman, Phoenix, for defendants-appellees Teets, Nageotte, nominal defendants-appellees Greyhound.

Levy, Sherwood, Klein & Dudley, P.A. by Andrew R. Sherwood, Wayne C. Arnold, Phoenix, for defendants-appellees Bertrand.

OPINION

SHELLEY, Presiding Judge.

Plaintiff Jerome S. Blumenthal filed a derivative complaint against the corporate defendants, some of their directors, and some of their officers and employees. No pre-suit demand was made. He attempted to allege gross negligence in the supervision and approval of two loans made by Greyhound Leasing and Financial Corporation to a person named Sheldon Player. The trial court dismissed the suit, holding that the plaintiff failed...

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