Publication Date: 2014-09-25
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Industry:
Court: Supreme Court
Judge: Hunstein, Carol W.
Attorneys: For plaintiff: Jeanne S. Hollis, Steven P. Smith Simkins Hollis Law Group PC, Atlanta, Colleen J. Boles, Kathryn R. Norcross, Minodora D. Vancea, James S. Watson Federal Deposit Insurance Corp., Arlington, Va., Chris D. Kiesel, Kyle M. Keegan Keegan, Denicola, Kiesel, Bagwell, Juban & Lowe LLC, Baton Rouge, La., and Charles B. Lee Miller & Martin PLLC, Chattanooga, Tenn., for appellant.
for defendant: Robert R. Ambler Jr., John G. Perry, James E. Connelly, Jennifer S. Collins Womble, Carlyle, Sandridge & Rice PLLC, David Balser, Merritt E. McAlister, Ellen C. Carothers, David M. Barnes King & Spalding LLP, Tracy L. Klingler, Jeffrey R. Baxter, James B. Manley Jr., Jill C. Kuhn McKenna Long & Aldridge LLP, Aaron M. Danzig, Edward A. Marshall, Richard A. Mitchell Arnall Golden Gregory LLP, Stanley H. Pollock Garner Couch & Ezell LLP, Atlanta, R. Randy Edwards, Paul A. Piland Cochran & Edwards LLC, Smyrna, Kirk D. Smith Haskell Slaughter Young & Rediker LLC, Frank M. Young III Young Law, Birmingham, Ala., and Jeffrey S. Bucholtz King & Spalding LLP, Washington, D. C., for appellees. Amicus Appellees: William W. Banks Jr., Senior Assistant Attorney General, Stephanie Burnham, Assistant Attorney General, John R. Bielema Jr., Michael P. Carey Bryan Cave LLP, Atlanta, Joseph J. Reilly, and Katherine B. Katz BuckleySandler LLP, Washington, D.C.
Case Number: S14Q0623
A bank director or officer may violate the standard of care set forth in O.C.G.A. § 7-1-490 when he acts in good faith but, with respect to the process by which he makes decisions, he fails to exerc