(Download) "Marcus v. Otis" by United States Court Of Appeals Second Circuit * eBook PDF Kindle ePub Free

eBook details

Title: Marcus v. Otis
Author : United States Court Of Appeals Second Circuit
Release Date : January 12, 1948
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 50 KB

Description

No ground has been shown for a reconsideration of our holding in the prior opinion by Judge L. Hand that defendants liability is based upon a misappropriation of corporate funds and not upon a conversion of stock of Majestic acquired by Automatic and then converted by the defendants. However, the award to Automatic of profits realized by defendants upon the stock of Majestic purchased with the corporate funds as provided for in the opinion of Judge Augustus N. Hand in which Judge Chase has concurred, should be made more specific with reference to certain questions raised by the petitions for rehearing.