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Home / Opinion Digests / Contract – Legal Fees – Indemnification – Merger (access required)

Contract – Legal Fees – Indemnification – Merger (access required)

Plaintiffs, former officers and directors of defendant's predecessor in interest, Southern Financial Bank, are entitled to legal fees incurred in a federal criminal investigation of plaintiffs' actions while employed by S.F. Bank, and the bank's failure to advance the legal fees is a breach of S.F. Bank's articles of incorporation as well as the bank ...