Publication Date: 2014-07-16
Practice Area:
Industry:
Court: Supreme Court
Judge: Blackwell, Keith R.
Attorneys: For plaintiff: Michael P. Kohler, Laura E. Ashby Miller & Martin PLLC, Atlanta, Charles B. Lee Miller & Martin PLLC, Chattanooga, Tenn., James S. Watson, and David C. Joseph Federal Deposit Insurance Corp., Arlington, Va., for appellant.
for defendant: Robert R. Ambler Jr. Womble, Carlyle, Sandridge & Rice PLLC, Robert R. Long IV, Elizabeth G. Greenman, Steven M. Collins Alston & Bird LLP, Jeffrey J. Swart, Atlanta, and Brian D. Boone Alston & Bird LLP, Charlotte, N.C., for appellees. Amicus Appellee: William W. Banks Jr., Senior Assistant Attorney General, Stephanie Burnham, Assistant Attorney General, Michael P. Carey, John R. Bielema Jr. Bryan Cave LLP, W. Scott Sorrels, Thomas W. Curvin, Valerie S. Sanders, Samuel J. Casey, Nkoyo-Ene R. Eiffiong Sutherland Asbill & Brennan LLP, Atlanta, Joseph J. Reilly, and Katherine B. Katz BuckleySandler LLP, Washington, D. C.
Case Number: S14Q0454
The business judgment rule generally precludes claims sounding in ordinary negligence against officers and directors of both corporations and banks for their business decisions, except to the extent