United States Eleventh Circuit

Georgia's "safe harbor" law, O.G.C.A. section 14-2-862, which insulates certain self-interested transactions from judicial scrutiny where a designated procedure is followed, will bar a suit against directors of two insurance companies for an alleged "self-dealing" transaction.

Appellate Information

• Decided 05/07/2002
• Published 05/07/2002

Judges

• BARKETT, Circuit Judge:, Before BARKETT and MARCUS, Circuit Judges, and HIGHSMITH, District Judge.

Court

• United States Eleventh Circuit

Counsel

• For Appellant:
  
• Todd Stephen Strohmeyer, Mobile, AL, Steven L. Nicholas, Michael A. Youngpeter, Olen, Nicholas & Copeland, P.C., Mobile, AL, Andrew T. Citrin, Daphne, AL, for Plaintiffs-Appellants.


• For Appellees:
  
• K. David Steele, Jay D. Bennett, Alston & Bird LLP, M. Robert Thornton, King & Spalding, Atlanta, GA, Greg A. Danilow, Seth Goodchild, Weil, Gotshal & Manges, New York City, C. Wade Monk, Shaw, Maddox, Graham, Monk & Boling, Robert M. Brinson, Brinson, Askew, Berry, Seigler, Richardson & Davis, Frank H. Jones, Rome, GA, for Defendants-Appellees.