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FISHER v. STATE MUT. INS. CO.

No. 01-15456.

290 F.3d 1256 (2002)

Marvin L. FISHER, Randy J. Cosby, Tom A. Carden, Philip M. Cavender, as mutual insurance company policy-holders acting for the benefit and on behalf of State Mutual Insurance Co., Plaintiffs-Appellants, v. STATE MUTUAL INSURANCE COMPANY, North American Financial Services, Inc., Delos H. Yancey, Jr., Delos H. Yancey, III, Rodney Hale, et al., Defendants-Appellees.

United States Court of Appeals, Eleventh Circuit.

May 7, 2002.

Attorney(s) appearing for the Case

Todd Stephen Strohmeyer, Mobile, AL, Steven L. Nicholas, Michael A. Youngpeter, Olen, Nicholas & Copeland, P.C., Mobile, AL, Andrew T. Citrin, Daphne, AL, for Plaintiffs-Appellants.

K. David Steele, Jay D. Bennett, Alston & Bird LLP, M. Robert Thornton, King & Spalding, Atlanta, GA, Greg A. Danilow, Seth Goodchild, Weil, Gotshal & Manges, New York City, C. Wade Monk, Shaw, Maddox, Graham, Monk & Boling, Robert M. Brinson, Brinson, Askew, Berry, Seigler, Richardson & Davis, Frank H. Jones, Rome, GA, for Defendants-Appellees.

Before BARKETT and MARCUS, Circuit Judges, and HIGHSMITH, District Judge.

BARKETT, Circuit Judge:

Marvin L. Fisher, Randy J. Cosby, Tom A. Carden, and Philip M. Cavender (for convenience, "Fisher") brought a shareholder derivative suit against State Mutual Insurance Company ("State Mutual"), North American Financial Services, Inc. ("North American"), State Mutual Directors Delos H. Yancey, Jr. and Delos H. Yancey III ("the Yanceys"), a shareholder of North American named Rodney Hale, and the corporate secretary of State Mutual, Ann Rogers...

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