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CLARK v. CASSIDY

No. 6974.

636 P.2d 1344 (1981)

M.C. CLARK, Mitsuko Iris Clark, Barbara M. Hoapili, Richard A. Maldonado, Stephanie U. Lee, Joseph M. O'Neill, Joseph M. O'Neill, Jr., for themselves and all others similarly situated, Plaintiffs-Appellees, v. Alfred Hugh CASSIDY, International Syndications, Inc., Jack J. Mahakian, individually and as an officer and/or director of International Syndications, Inc., Sol Laikind, individually and as an officer and/or director of International Syndications, Inc., Jack Leuschel, individually and as an officer and/or director of International Syndications, Inc., Defendants, and Real Estate Commission of the State of Hawaii, Defendant Intervenor-Appellant.

Supreme Court of Hawaii.

December 1, 1981.

Attorney(s) appearing for the Case

Sidney K. Ayabe, Honolulu (Libkuman, Ventura, Moon & Ayabe, Honolulu, of counsel), for defendant intervenor-appellant.

Allan Yee, Honolulu (Ian L. Mattoch, Honolulu, on the brief; Mattoch & Kleintop, Honolulu, of counsel), for plaintiffs-appellees.

Before RICHARDSON, C.J., and OGATA, MENOR, LUM and NAKAMURA, JJ.

PER CURIAM.

The only issue that merits consideration in this appeal is whether the amendment of HRS § 467-24,1 which increased the maximum liability of the Real Estate Recovery Fund for payments on behalf of any one licensee of the Real Estate Commission, enables claimants to recover up to the new limit in a situation where the judgment against the licensees preceded the effective date of the amendment. We conclude that recovery from...

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