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G & R CORP. v. AMERICAN SECURITY & TRUST CO.

No. 74-1720.

523 F.2d 1164 (1975)

G & R CORPORATION, a Delaware Corporation, et al. v. AMERICAN SECURITY & TRUST COMPANY, Appellant, Max S. Kraft and Oscar Margulies.

United States Court of Appeals, District of Columbia Circuit.

Decided November 28, 1975.

Attorney(s) appearing for the Case

Francis M. Shea, Washington, D. C., with whom John Townsend Rich, Washington, D. C., was on the brief for appellant.

Michael Evan Jaffe, Washington, D. C., with whom Burton A. Schwalb, Washington, D. C., was on the brief for appellees.

Before WRIGHT, McGOWAN and TAMM, Circuit Judges.

TAMM, Circuit Judge:

Plaintiff-appellee brought this action in the District Court for the District of Columbia to recover funds diverted by appellant from a joint venture account. Federal District Judge Howard F. Corcoran found that appellant had wrongfully applied the funds and entered judgment for appellee in the amount of $132,605.19 plus interest. On appeal, appellant argued that appellee had ratified any unauthorized diversion, that the District of Columbia Uniform...

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