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GRILL v. HOBLITZELL

Civ. No. JFM-90-2234.

771 F.Supp. 709 (1991)

Max GRILL v. Alan P. HOBLITZELL, Jr., et al.

United States District Court, D. Maryland.

May 29, 1991.

Attorney(s) appearing for the Case

George Edwin Golomb, Baltimore, Md., Stanley D. Bernstein, Kreindler and Kreindler, New York City, for plaintiff.

John Henry Lewin, Jr., Venable, Baetjer & Howard, Baltimore, Md., Alexander Bennett, Arnold and Porter, Washington, D.C., Morton Sacks, Cable, McDaniel, Bowie & Bond, Baltimore, Md., for defendants.

MEMORANDUM

MOTZ, District Judge.

This is a shareholder derivative action brought by Max Grill against the current and former members of the board of directors of MNC Financial, Inc. ("MNC"). Plaintiff alleges that the defendants committed various acts or omissions constituting waste and mismanagement, including permitting MNC to make a "perilously high" percentage of real estate loans, authorizing loans with...

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