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DUBOWSKI v. DOMINION BANKSHARES CORP.

Civ.A. Nos. 90-0614, 90-0647.

763 F.Supp. 169 (1991)

Elliot DUBOWSKI, Plaintiff, v. DOMINION BANKSHARES CORPORATION; Warner N. Dalhouse; David L. Caudill; Donald M. Kinzer; Joseph L. Malone; and Rodney W. Rowan Defendants. Raymond SCHER, Plaintiff, v. DOMINION BANKSHARES CORPORATION; Warner N. Dalhouse; David L. Caudill; Donald M. Kinzer; Joseph L. Malone; and Rodney W. Rowan, Defendants.

United States District Court, W.D. Virginia, Roanoke Division.

March 15, 1991.

Attorney(s) appearing for the Case

Arthur P. Strickland, Roanoke, Va., Leonard Barrack, Samuel R. Simon, Philadelphia, Pa., Richard D. Greenfield, Francis J. Farina, Haverford, Pa., for plaintiff.

William B. Poff, Douglas W. Densmore, Kevin P. Oddo, Woods, Rogers & Hazlegrove, Roanoke, Va., for defendants.

OPINION

TURK, Chief Judge.

BACKGROUND

October 19, 1990, Elliot Dubowski, a shareholder of Dominion Bankshares Corporation1 (Dominion Bank or Bank) filed a complaint against Dominion Bank and several Bank directors alleging claims arising under section 10(b) of the Exchange Act of 19342 (the Exchange Act), Rule 10b-53 of the Securities and Exchange Commission...

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