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BANK & TRUST v. GILL ELROD RAGON OWEN

No. 12-540.

427 S.W.3d 47 (2013)

2013 Ark. 159

FIRST ARKANSAS BANK & TRUST, TRUSTEE; First Arkansas Bank & Trust; Bank of England; Merchants and Planters Bank; The Capital Bank; Heber Springs State Bank; Timberland Bank; Arkansas Bankers' Bank; and M & P Community Bancshares, Inc., Appellants v. GILL ELROD RAGON OWEN & SHERMAN, P.A.; Christopher L. Travis, P.A.; Dream Team Holdings 1, LLC; and Fayetteville Municipal Property Owners' Improvement District No. 12-Belclaire, Appellees.

Supreme Court of Arkansas.

Rehearing Denied May 30, 2013.

Attorney(s) appearing for the Case

Thrash Law Firm, P.A., Little Rock, by: Thomas P. Thrash and Marcus N. Bozeman , for appellants.

Barber, McCaskill, Jones & Hale, P.A., Little Rock, by: Robert L. Henry, III , G. Spence Fricke , and S. Brent Wakefield , for appellees Gill Elrod Ragon Owen & Sherman, P.A.; Christopher L. Travis, P.A.; and Christopher L. Travis.

A. Heath Abshure , Commissioner, Arkansas Securities Department; Mac Dodson , President, Arkansas Development Finance Authority; and Candace A. Franks , Bank Commissioner, Arkansas State Bank Department; by: Colin R. Jorgensen , Ass't Att'y Gen., for amici curiae The Arkansas Securities Department, The Arkansas Development Finance Authority, and The Arkansas State Bank Department.

Elliott & Smith Law Firm, Fayetteville, by: Don R. Elliott, Jr. , for amicus curiae The Arkansas Bankers Association.

Quattlebaum, Grooms, Full & Burrow PLLC, Little Rock, by: E.B. Chiles IV and Jennifer Wethington Merritt , for amicus curiae Stephens Inc.

JIM HANNAH, Chief Justice.

Appellants, First Arkansas Bank & Trust, Trustee; First Arkansas Bank & Trust; Bank of England; Merchants and Planters Bank; The Capital Bank; Heber Springs State Bank; Timberland Bank; Arkansas Banker's Bank; and M & P Community Bancshares, Inc., appeal an order of summary judgment entered in the Pulaski County Circuit Court in favor of Gill Elrod Ragon Owen & Sherman, P.A.; Christopher L. Travis, P.A., (collectively referred...

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