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LARKIN v. BALTIMORE BANCORP

Civ. Nos. JFM-91-1239, JFM-91-1410.

769 F.Supp. 919 (1991)

Barbara S. LARKIN and Edwin F. Hale, Sr., et al. v. BALTIMORE BANCORP. BALTIMORE BANCORP v. BALTIMORE BANCORP STOCKHOLDERS COMMITTEE.

United States District Court, D. Maryland.

June 21, 1991.

Attorney(s) appearing for the Case

William Hylton, Jr., Hylton and Gonzales, Baltimore, Md., William Bradford Reynolds and Philip S. Friedman, Washington, D.C., for plaintiffs.

David Clarke, Jr. and James D. Mathias, Piper and Marbury, Baltimore, Md., for defendants.

OPINION

MOTZ, District Judge.

These cases arise from a proxy contest for control of Baltimore Bancorp (the "Bank") between a group of dissident stockholders led by Edwin F. Hale ("Dissidents") and the Bank's current management ("Management"). Under the Bank's existing bylaws six of its eighteen directors were to be elected at the annual stockholders meeting held in May. Dissidents fielded a slate of six candidates...

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