Ottis B. Crocker, Jr. v. Federal Deposit Insurance Corporation, Intervenor-Appellant v. W.P. McMullan

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• looking to Mississippi state law to determine whether a class of minority shareholders could maintain a direct RICO action against a bank’s controlling shareholders
• remanding and ordering the district court to dismiss the shareholders’ complaint under Rule 12(b)(6) for lack of standing because the shareholders did not allege suffering any direct, nonderivative injuries
• injury to shareholders in form of diminution in stock value is loss that is recoverable only by corporation in direct action or by shareholders in derivative action

Source: CourtListener parenthetical corpus (CC0).