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RESOLUTION TRUST CORP. v. BLOCK

924 S.W.2d 354 (1996)

RESOLUTION TRUST CORPORATION, Plaintiff, v. Adolph J. BLOCK, et al., Defendant.

Supreme Court of Tennessee, at Nashville.

June 24, 1996.

Attorney(s) appearing for the Case

Ronald W. Woods, N.R. Coleman, Jr., Milligan & Coleman, Greeneville, Winthrop A. Short, Jr., David J. Pierce, Megan E. Burns, Jonathan L. Thorton, Kaufman & Canoles, P.C., John P. Parker, F.D.I.C., Washington, D.C., for Plaintiff-Respondent.

J. Thomas Jones, Bernstein, Stair & McAdams, Knoxville, Joseph F. Rosenberg, Dale, Jackson & Rosenberg, Nashville, David W. Blankenship, Kingsport, Thomas A. Peters, Kingsport, Steven C. Frazier, Church Hill, for Defendants-Petitioners.

OPINION

WHITE, Justice.

I. Introduction

The United States District Court for the Eastern District of Tennessee has certified to this Court, pursuant to Rule 23, Tennessee Supreme Court Rules, the following question:

Whether under Tennessee law the directors and officers of a Tennessee corporation would be jointly and severally liable for the collective actions of the board or proportionately...

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