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LEWIS v. BOYD

838 S.W.2d 215 (1992)

Richard A. LEWIS, on Behalf of CITIZENS SAVINGS BANK & TRUST COMPANY, Plaintiff/Appellant, Citizens Savings Bank & Trust Company, Appellee, v. T.B. BOYD, III; William R. Bailey; Mabel L. Boyd; George E. Butler; Edward E. Caldwell; Mattye C. Flowers; H.A. McClaron; and Henry Hill, Jr., Current members of the Board of Directors of Citizens Savings Bank & Trust Company, Inc.; Deborah Scott-Ensley, Executive Vice President and Cashier of Citizens Savings Bank & Trust Company, Inc.; and member of the Board of Directors; and Julian Blackshear, General Counsel and Secretary to the Board of Directors of Citizens Savings Bank & Trust Company, Inc., Defendants.

Court of Appeals of Tennessee, Middle Section, at Nashville.

May 29, 1992.

Attorney(s) appearing for the Case

Martin E. Simmons, Mary Neil Price, Davis W. Turner, Dearborn & Ewing, Nashville, for plaintiff, appellant.

Steven A. Riley, E. Clifton Knowles, Bass, Berry & Sims, Nashville, for appellee.

Published in accordance with Tenn. Ct. App.R. 11.

OPINION

KOCH, Judge.

This appeal involves a dispute between the board of directors and the former president of a Nashville bank. The former president filed a shareholder's derivative action in the Chancery Court for Davidson County alleging mismanagement and self-dealing by several of the bank's directors and officers. The trial court dismissed the suit after a special litigation committee appointed...

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