United States Fourth Circuit

Reset A A Font size: Print

In re: Beach First Nat'l Bancshares, Inc., 11-2019

In a trustee's suit against the former directors and officers of a bankrupt corporation, alleging breach of fiduciary duty and negligence, bankruptcy court's grant of defendants' motion to dismiss is affirmed for the most part, but reversed and remanded as to the dismissal of the trustee's claim regarding the directors' alleged improper subordination of the corporation's interest in a real estate holding entity.

Appellate Information

  • Decided 12/28/2012
  • Published 12/28/2012

Judges

  • Agee

Court

  • United States Fourth Circuit

Counsel

Copied to clipboard