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KING v. EDWARDS

Civ. A. No. C81-193A.

559 F.Supp. 75 (1982)

D. Kimbrough KING, William A. Hanger, and John C. Jackson, both individually and on behalf and in the right of Peachtree Federal Savings and Loan Association, a federally-chartered mutual savings and loan association, Plaintiffs, v. David C. EDWARDS, George J. Cotsakis, Ben B. Blackburn, III, Thomas M. Lowe, Jr., Fred R. Tonney and the Peachtree Federal Savings and Loan Association, a federally-chartered mutual savings and loan association, Defendants.

United States District Court, N. D. Georgia, Atlanta Division.

Final Order May 3, 1982.

On Motion for Reconsideration October 1, 1982.

Attorney(s) appearing for the Case

Richard Sinkfield, Allen Perry, Marvin Arrington, Atlanta, Ga., for plaintiffs.

Sidney Johnson, Thomas Jones, Atlanta, Ga., for defendants.

MEMORANDUM OPINION

HORACE T. WARD, District Judge.

I. Introduction

This matter arises out of a proxy contest in connection with the election of members of the Board of Directors at Peachtree Federal Savings and Loan Association ("Peachtree Federal" or "Association") in January of 1981. The plaintiffs are D. Kimbrough King, a member of the Board of Directors and former secretary of the Association, William A. Hanger, a former member of the...

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