This section contains the nature of the case and procedural background.

Fidelity Federal Savings & Loan Association (P) brought an action against Felicetti (D), the former president of P for 13 years, alleging racketeering and breach of fiduciary duty to the corporation. The by-laws of P provide for complete indemnification paid in advance of the final disposition unless a 'final unappealable judgment or award establishes such director or officer engaged in self-dealing, willful misconduct or recklessness.' D promised to repay advances if found not to be entitled to indemnification.

The legal issues presented in this case will be displayed here.

The court's holding and decision will be displayed here.

Legal analysis from Dean's Law Dictionary will be displayed here.