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FITCH v. MIDLAND BANK & TRUST CO.

737 S.W.2d 785 (1987)

Alice Rodes FITCH, Robert M. Fitch, Suzanne H. Fitch, Robert R. Fitch, as parent and natural guardian of Margaret McCutchen Fitch, a minor, and Kathryn Rodes Fitch, a minor, and Suzanne H. Fitch, as parent and natural guardian of Margaret McCutchen Fitch, a minor, and Kathryn Rodes Fitch, a minor, Plaintiffs, v. MIDLAND BANK & TRUST COMPANY, Defendants and Third Party Plaintiffs-Appellants, v. Frank A. WOODS, C. Ron Woods and the Law Firm of Bone and Woods, a professional corporation, Third Party Defendants-Appellees.

Court of Appeals of Tennessee, Middle Section, at Nashville.

Permission to appeal Denied September 28, 1987.

Attorney(s) appearing for the Case

Gary L. Jewel and George B. Rich, Memphis, for defendants and third party plaintiffs-appellants.

Lionel R. Barrett, Jr., Lionel R. Barrett, Jr., P.C., Nashville, for third party defendant-appellee, Frank A. Woods.

Douglas Fisher, Howell, Fisher, Branham & North, Nashville, for third party defendant-appellee, Bone and Crawford.

Permission to appeal Denied by Supreme Court September 28, 1987.

OPINION

FRANKS, Judge.

After judgment was entered against defendant bank on a letter of credit and following the trial of the third party complaint against two former officers and directors and the law firm involved in the letter of credit transaction, the chancellor dismissed the third party complaint which was based on alleged negligence, breach of fiduciary duty and conspiracy to...

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