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GRIFFIN v. CARMEL BANK & TRUST CO.

No. 06A01-8703-CV-57.

510 N.E.2d 178 (1987)

Ida M. GRIFFIN; Jack W. Griffin; David F. Tudor; Anthony Stroinski; Robert E. Sauer; and Dorothy M. Sauer; On Behalf of Themselves and All Others Similarly Situated, Plaintiffs-Appellants, v. CARMEL BANK & TRUST COMPANY; LARRY R. MOHR; FRED W. GARVER; JAMES W. CATTON; DAVID H. MARKSTONE; MILTON J. FINEBERG; JAMES C. HILLIARD; AND UNITED STATES FIDELITY AND GUARANTY COMPANY, Defendants-Appellees.

Court of Appeals of Indiana, First District.

Rehearing Denied August 21, 1987.

Transfer Denied November 24, 1987.

Attorney(s) appearing for the Case

John R. Price, P.C., Burroughs & Price, Indianapolis, for plaintiffs-appellants.

Jeffrey R. Gaither, Klineman, Rose, Wolf & Wallack, Indianapolis, for defendants-appellees.

STATEMENT OF THE CASE

NEAL, Judge.

Plaintiff-appellants, Ida M. Griffin, et al., as shareholders of the Carmel Bank and Trust Company (Shareholders), appeal an adverse summary judgment in favor of two of the defendants, Milton J. Fineberg (Fineberg) and James C. Hilliard (Hilliard), in a derivative action.

We reverse.

STATEMENT OF THE RECORD

Shareholders, Ida M. Griffin, Jack W. Griffin, David F. Tudor, Anthony Stroinski, Robert...

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