EBEL, Circuit Judge. I. FACTS This case arises out of the failure of Silver-ado Banking, Savings and Loan Association (“Silverado”). Plaintiff-appellant Richard Vitkus worked for Beatrice from 1978 to 1987 and served as General Counsel from 1981 until 1988. While employed by Beatrice, the company asked him to serve on the Silverado Board of Directors, which he did. He continued to serve on the Silverado b…
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