Dissident Wins Access to Bank’s Shareholders
- Share via
A dissident shareholder of American Commerce National Bank won an Orange County Superior Court order Wednesday giving him access to the Anaheim bank’s list of shareholders.
Dr. Donald J. Daniel, a former bank director who was not re-elected at the June 25 annual meeting, plans to write to shareholders about Gerald J. Garner, the bank’s chairman and chief executive officer, said Daniel’s attorney, John P. O’Brien of Orange.
Daniel, who has a suit pending against Garner for alleged mismanagement of his pension fund, says Garner is involved in “operational irregularities” and other improprieties. Garner denies the claims but did acknowledge at the shareholder meeting that federal regulators were examining the bank for the seventh time in its 40-month existence.
The bank is expected to decide today if it will appeal the ruling, said the bank’s lawyer, Richard Fannan of Los Angeles.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
