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FEDERAL DEPOSIT INS. CORP. v. SKOW

No. S14Q0623.

763 S.E.2d 879 (2014)

FEDERAL DEPOSIT INSURANCE CORPORATION v. SKOW et al.

Supreme Court of Georgia.

September 22, 2014.

Attorney(s) appearing for the Case

Jeanne Simkins Hollis , Steven Paul Smith , Simkins Hollis Law Group, P.C., Atlanta, Colleen J. Boles , Kathryn Norcross , Minodora D. Vancea , James S. Watson , Federal Deposit Insurance Corporation, Arlington, Chris D. Kiesel , Kyle M. Keegan , Keegan, Denicola, Kiesel, Bagwell, Juban & Lowe, LLC, Baton Rouge , Keegan, Denicola, Kiesel, Bagwell, Juban & Lowe, LLC, Charles B. Lee , Miller & Martin PLLC, Chattanooga, for appellant.

Robert Riles Ambler Jr. , John Gregory Perry , James E. Connelly , Jennifer Saffold Collins , Womble, Carlyle, Sandridge & Rice, PLLC, David Balser , Merritt Ellen McAlister , Ellen Claire Carothers , Jeffrey S. Bucholtz , David M. Barnes , King & Spalding LLP, Tracy Lee Klingler , Jeffrey Ronald Baxter , James Barton Manley Jr. , Jill Cox Kuhn , McKenna Long & Aldridge LLP, Mr. Aaron Mitchell Danzig , Edward Alexander Marshall , Richard Andrew Mitchell , Arnall, Golden & Gregory, Atlanta, R. Randy Edwards , Paul Anthony Piland , Cochran & Edwards, LLC, Smyrna, Mr. Stanley Harold Pollock , Garner Couch & Ezell LLP, Atlanta, Kirk DeBardeleben Smith , Haskell Slaughter Young & Rediker LLC, Frank M. Young, III , Young Law, LLC, Birmingham, for appellee.

John Robert Bielema Jr. , Michael Peter Carey , Bryan Cave Powell Goldstein LLP, William Wright Banks, Jr. , Senior Asst. Atty. Gen., Department of Law, Atlanta, Joseph J. Reilly , Katherine B. Katz , Buckleysandler LLP, Washington, for amicus appellee.

HUNSTEIN, Justice.

In this civil action involving alleged negligence and breach of fiduciary duty on the part of former officers and directors of a now-defunct state-chartered Georgia bank, the Eleventh Circuit Court of Appeals has certified the following questions for resolution by this Court:

(1) Does a bank director or officer violate the standard of care established by OCGA § 7-1-490 when he acts in good faith but fails to act with "ordinary diligence...

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