United States Eighth Circuit
Weber v. Iowa State Bank & Trust Co. of Fairfield, Iowa, 05-4274
Shareholder's suit against bank for deciding to enact a reverse stock split that effectively eliminated shareholder's shares was properly dismissed since, under Iowa law, an appraisal is the sole and exclusive remedy for a shareholder in the event of a reverse stock split.
Appellate Information
- Decided 08/10/2006
- Published 08/10/2006
Judges
- PER CURIAM., Before WOLLMAN, BRIGHT, and BOWMAN, Circuit Judges.
Court
- United States Eighth Circuit
Counsel
- For Appellant:
- James E. Weber, West Palm Beach, FL, pro se.
- For Appellees:
- Mark McCormick, Robert Duane Sharp, Michael R. Reck, Belin & Lamson, Des Moines, IA, Kevin Andrew Reck, Foley & Lardner, Orlando, FL, for Defendants-Appellees.