North Valley Bancshares, Inc., et al., Plaintiffs-Appellees,
v.
Carl Raines, Defendant/Third-Party Plaintiff-Appellee,
v.
James W. Ransbottom, et al. Third-Party Defendants-Appellees.
John B. Reardon, Superintendent of Financial Institutions of Ohio, Proposed Intervenor-Appellant.
Court of Appeals of Ohio, Fifth District, Muskingum County.https://leagle.com/images/logo.png
DATE OF JUDGMENT ENTRY: October 30, 2009.
DATE OF JUDGMENT ENTRY: October 30, 2009.
Attorney(s) appearing for the Case
Robert V. Traci, 835 Sharon Drive, Suite 350, Westlake, OH 44145, for Plaintiffs-Appellees.
Thomas W. Palmer, O. Judson Scheaf, III, 41 South High Street, Suite 1700, Columbus, OH 43215, for Defendant-Third-Party Plaintiff-Appellee.
William J. Cole, 30 East Broad Street, 26th Floor, Columbus, OH 43215, for Proposed Intervenor-Appellant.
Before: Hon. Sheila G. Farmer, P.J., Hon. W. Scott Gwin, J., Hon. Patricia A. Delaney, J.
Court of Appeals of Ohio, Fifth District, Muskingum County.
OPINION
GWIN, J.
{¶1} In April of 2008, plaintiff-appellees, North Valley Bancshares, Inc. and North Valley Bank, filed a complaint against defendant-appellee, Carl Raines, the bank's former president and chief executive officer, alleging breach of fiduciary duties. Raines filed a third-party complaint against the bank's directors, and counterclaimed appellees.
{¶2} In November of 2008, the trial court approved an...
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