Supreme Court of Georgia July 11, 2014, S14Q0454 (Federal Deposit Insurance Corp. v. Loudermilk)

295 Ga. 579

FINAL COPY

S14Q0454. FEDERAL DEPOSIT INSURANCE CORPORATION v.

LOUDERMILK et al.

BLACKWELL, Justice.

As the receiver of the Buckhead Community Bank, the Federal Deposit

Insurance Corporation sued nine former officers and directors of the bank,1

alleging that they were negligent with respect to the making of loans, which led

the bank, the FDIC says, to sustain nearly $22 million in