Caldwell v. Kaiser

Eighth Circuit

Caldwell v. Kaiser

456 F.2d 685

CourtCourt of Appeals for the Eighth Circuit

DecidedApril 12, 1972

DocketNos. 71-1296, 71-1327

StatusPublished

This text of 456 F.2d 685 (Caldwell v. Kaiser) is published on Counsel Stack Legal Research, covering Court of Appeals for the Eighth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Caldwell v. Kaiser, 456 F.2d 685 (8th Cir. 1972).

Pincite

Opinion

PER CURIAM.

William H. Kaiser, Jr., appeals from a judgment against him for common law fraud, conversion, breach of trust, and violation of Section 10(b) of the Securities Exchange Act of 1934 (15 U.S.C. § 78j), and Rule 10b-5 (17 C.F.R. § 240.-10b-5). The judgment against Kaiser was (1) for the sum of $50,400, with interest thereon at 6 percent per annum from November 15, 1968, (2) for 13,900 shares of the common stock of Special Transportation Services, Inc., and (3) for costs and disbursements. On appeal, Kaiser contends that the District Court erred by incorrectly calculating damages, and by denying his motions for amended findings and for a new trial. Caldwell cross appeals contending that the trial court erred in awarding him 13,900 shares of stock rather than the market value of the shares at the time of conversion.

We are convinced that the record adequately supports the trial court’s findings of fact. The trial court also properly denied Kaiser’s motions and correctly computed damages.

Judgment affirmed.

Free access — add to your briefcase to read the full text and ask questions with AI

PER CURIAM.

William H. Kaiser, Jr., appeals from a judgment against him for common law fraud, conversion, breach of trust, and violation of Section 10(b) of the Securities Exchange Act of 1934 (15 U.S.C. § 78j), and Rule 10b-5 (17 C.F.R. § 240.-10b-5). The judgment against Kaiser was (1) for the sum of $50,400, with interest thereon at 6 percent per annum from November 15, 1968, (2) for 13,900 shares of the common stock of Special Transportation Services, Inc., and (3) for costs and disbursements. On appeal, Kaiser contends that the District Court erred by incorrectly calculating damages, and by denying his motions for amended findings and for a new trial. Caldwell cross appeals contending that the trial court erred in awarding him 13,900 shares of stock rather than the market value of the shares at the time of conversion.

We are convinced that the record adequately supports the trial court’s findings of fact. The trial court also properly denied Kaiser’s motions and correctly computed damages.

Judgment affirmed.

Cite This Page — Counsel Stack

Bluebook (online)

456 F.2d 685, Counsel Stack Legal Research, https://law.counselstack.com/opinion/caldwell-v-kaiser-ca8-1972.

Opinion

Related

Cite This Page — Counsel Stack