Cunningham v. Anna State Bank
Robert Epperson and Jim Bennett represented the largest non-insider shareholder of a bank holding company in a dispute regarding access to corporate books and records. The case was tried to conclusion in the equity court of Union County, Illinois, during January of 2008. The case presented several issues regarding the reach of the corporate law of Delaware (the state of incorporation of the bank holding company) and Illinois (the state that chartered the subsidiary bank) and involved a long-running embezzlement by a bank employee that resulted in a guilty plea and order of restitution. At trial, both expert and fact witnesses testified and the court ruled for our client on all material points.