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F.D.I.C. v. CAMERON

Civil Action No. 3:13-cv-102-TCB.

986 F.Supp.2d 1337 (2013)

FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for Southern Community Bank, Plaintiff, v. James S. CAMERON, George R. Davis, Sr., Robert B. Dixon, Jr., Richard J. Dumas, William W. Leslie, Jackie L. Mack, Gary D. McGaha, Thomas D. Reese, and William M. Strain, Defendants.

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

December 11, 2013.

Attorney(s) appearing for the Case

Ashley Elizabeth Wilson, George P. Shingler, Joyce Gist Lewis, Shingler Lewis LLC, Atlanta, GA, Christopher D. Kiesel, Kyle M. Keegan, Susannah M. Denicola, Keegan, Denicola, Kiesel, Bagwell, Juban & Lowe, LLC, Baton Rouge, LA, for Plaintiff.

Elizabeth Gingold Greenman, Robert R. Long, IV, Alston & Bird, LLP, Atlanta, GA, for Defendants.

ORDER

TIMOTHY C. BATTEN, SR., District Judge.

Before the Court is Defendants' motion to dismiss for failure to state a claim [10].

I. Background

Defendants are former directors of Southern Community Bank,1 a state-chartered, nonmember bank headquartered in Fayetteville, Georgia. On June 19, 2009, less than ten years after its founding, the Georgia Department...

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