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BURT SHEARER TRUSTEE v. ADAMS

No. 3:11-00099.

BURT SHEARER TRUSTEE, as trustee of the SHEARER FAMILY LIVING TRUST, on behalf of Nominal Defendant, NATIONAL HEALTH INVESTORS, INC., Plaintiff, v. W. ANDREW ADAMS, ROBERT A. McCABE, JR., ROBERT T. WEBB and TED H. WELCH Defendants, and NATIONAL HEALTH INVESTORS, INC., Nominal Defendant.

United States District Court, M.D. Tennessee, Nashville Division.

March 29, 2012.

Attorney(s) appearing for the Case

Burt Shearer, as trustee of the Shearer Family Living Trust, on behalf of Nominal Defendant, National Health Investors, Inc., Plaintiff, represented by Eric L. Zagar , Kessler Topaz Meltzer & Check, LLP, Pro Hac Vice, Ligaya T. Hernandez , Kessler Topaz Meltzer & Check, LLP, Pro Hac Vice, Paul Kent Bramlett , Bramlett Law Offices & Robert P. Bramlett , Bramlett Law Offices.

W. Andrew Adams, Defendant, represented by David Alexander Fardon , Harwell, Howard, Hyne, Gabbert & Manner, P.C., Byron Roscoe Trauger , Trauger & Tuke, Paul W. Ambrosius , Trauger & Tuke & Walter Justin Adams , Trauger & Tuke.

Robert A. McCabe, Jr., Defendant, represented by David Alexander Fardon , Harwell, Howard, Hyne, Gabbert & Manner, P.C., Byron Roscoe Trauger , Trauger & Tuke, Paul W. Ambrosius , Trauger & Tuke & Walter Justin Adams , Trauger & Tuke.

Robert T. Webb, Defendant, represented by David Alexander Fardon , Harwell, Howard, Hyne, Gabbert & Manner, P.C., Byron Roscoe Trauger , Trauger & Tuke, Paul W. Ambrosius , Trauger & Tuke & Walter Justin Adams , Trauger & Tuke.

Ted H. Welch, Defendant, represented by David Alexander Fardon , Harwell, Howard, Hyne, Gabbert & Manner, P.C., Byron Roscoe Trauger , Trauger & Tuke, Paul W. Ambrosius , Trauger & Tuke & Walter Justin Adams , Trauger & Tuke.

National Health Investors, Inc., Defendant, represented by David Alexander Fardon , Harwell, Howard, Hyne, Gabbert & Manner, P.C. & John David McDowell , Harwell, Howard, Hyne, Gabbert & Manner, P.C..

MEMORANDUM

KEVIN H. SHARP, District Judge.

This is a shareholders derivative action brought by Plaintiff Burt Shearer, as Trustee of the Shearer Family Trust, on behalf of Nominal Defendant National Health Investors, Inc. ("NHI"). Named as Defendants are four members of NHI's Board of Directors — W. Andrew Adams, Robert A. McCabe, Jr., Robert T. Webb and Ted H. Welch (the "Individual Defendants").

Essentially, Plaintiff...

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