Printer Friendly

Head for cover.

Head For Cover

The clouds of litigation have gathered, and a lawsuit is forecast to fall on the heads of former directors at the "Little Bank With The Big Heart."

National Bank of Arkansas in North Little Rock is moving toward the courthouse due to losses suffered through actions of its former board members.

We hear the former directors received a confidential, eight-page letter advising them of the situation and offering them a chance to tell their side of the story before the courtroom drama begins.

The names of potential litigants include folks such as Ron Tullos, Lloyd Stanley, W.H. Moore, Emma Hall, William Thompson and Joycelyn Elders.

How much money is involved?

The figure we've heard kicked around is $1.5 million.
COPYRIGHT 1991 Journal Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:National Bank of Arkansas to file lawsuits vs. former officials
Publication:Arkansas Business
Date:Aug 19, 1991
Words:124
Previous Article:Back on track.
Next Article:The epic continues.
Topics:


Related Articles
Playing in the NBA: North Little Rock bank returns to profitability, but the schism remains.
Melton, Chambers, factoring company sued over delinquent loan.
Fewer bank buys, new ventures tallied in state.
Superior verdict underscores SEC's subjective rules.
Auto Auction blames TCB for collapse. (Banking/Finance).
Forza scorza.
Global business woes.
Fort Smith businessmen challenge overdraft fees as usurious.
Metropolitan seeks gag order in Terminella case.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters