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MAGEE v. GREENSPAN

Civ. Nos. 91-0868(HHG), 91-0869(HHG).

808 F.Supp. 847 (1991)

James L. MAGEE, Plaintiff, v. Alan GREENSPAN, et al., Defendants. Gaylon M. LAWRENCE, Sr., Plaintiff, v. Alan GREENSPAN, et al., Defendants.

United States District Court, District of Columbia.

May 16, 1991.

Attorney(s) appearing for the Case

Jeffrey C. Gerrish, Gerrish & McCreary, Memphis, for plaintiff Magee.

Susan J. Bell, Newman & Holtzinger, Washington, DC, for plaintiff Lawrence.

Fred E. Haynes, Asst. U.S. Atty., Washington, DC, for defendants.

MEMORANDUM

HAROLD H. GREENE, District Judge.

Farmers Bank and Trust in Blytheville, Arkansas, is a small community bank with approximately $111 million in total assets. Plaintiffs James Magee and Gaylon Lawrence Sr., have both worked for Farmers Bank since 1984, James Magee as Farmers Bank's Chief Executive Officer and Chairman of the Board; and Gaylon Lawrence, Sr. as a management consultant. James Magee controls 100% of Farmers Bank, either by ownership...

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