A Hall County jury this month agreed with a Georgia agricultural lender that the bank made the right decision to reject a bid by a bank shareholder-who is also the chairman of the county’s board of commissioners-to purchase a foreclosed egg farm.
The jury ruled in favor of AgGeorgia Farm Credit and two bank executives after a seven-day trial before C. Andrew Fuller, chief judge of the Northeastern Circuit Superior Court. The bank and two of its executives had been sued by Tom Oliver, chairman of the Hall County Commission, for breach of fiduciary duty and waste of corporate assets. Oliver sued as a shareholder of the bank, not in his capacity as a county commissioner.
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