BROOKSHIRE v. ADCOCK

No. CA 07-522.

270 S.W.3d 879 (2008)

Ann Warmack BROOKSHIRE, et al., Appellants, v. Robert H. ADCOCK, Jr., et al., Appellees.

Court of Appeals of Arkansas.

Rehearing Denied February 20, 2008.


Attorney(s) appearing for the Case

Eichenbaum, Liles & Heister, P.A., by: Christopher O. Parker, Little Rock; Warner, Smith & Harris, PLC, by: P.K. Holmes, III, Fort Smith, AR, for appellants.

Dover Dixon Horne, PLLC, by: Mark H. Allison and Garland W. Binns, Jr., Little Rock, AR, for appellees Farmers Bank of Greenwood and Wilkinson Banking Corporation.

Dustin McDaniel, Att'y Gen., by: Erika Gee, Ass't Att'y Gen., for appellee.


SARAH HEFFLEY, Judge.

Appellants, minority stockholders in the Farmers Bank of Greenwood, were involved in a "freeze-out" by the majority stockholder, Wilkinson Banking Corporation, and a dispute arose over the value placed on their shares. The administrative process to establish the value of the shares lasted approximately twenty-one months, and appellants now appeal the Bank Commissioner's decision to not award interest on the value of their shares during the delay...

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