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BRIDGEPORT FIREMEN'S, ETC. v. DESERET FED. S. & L.

No. 82-1679.

735 F.2d 383 (1984)

BRIDGEPORT FIREMEN'S SICK AND DEATH BENEFIT ASSOCIATION, a Connecticut corporation, Plaintiff-Appellee, v. DESERET FEDERAL SAVINGS AND LOAN ASSOCIATION, Defendant-Appellant.

United States Court of Appeals, Tenth Circuit.

May 22, 1984.

Attorney(s) appearing for the Case

Edward M. Garrett and Michael A. Katz, Garrett & Sturdy, Salt Lake City, Utah, for defendant-appellant.

Barbara K. Polich, Parsons, Behle & Latimer, Salt Lake City, Utah (Val R. Antczak, Parsons, Behle & Latimer, Salt Lake City, Utah, with her on brief), for plaintiff-appellee.

Before BARRETT, DOYLE and SEYMOUR, Circuit Judges.

WILLIAM E. DOYLE, Circuit Judge.

This case has to do with responsibility for loss of $90,000 as a result of an officer of Bridgeport obtaining the $90,000 by representing that it was a valid loan transaction. Bridgeport brought this conversion action seeking the return of the $100,000 certificate of deposit from defendant Deseret. The loan was obtained from the defendant as a result of presenting a certificate of deposit for $100,000 belonging to Bridgeport as collateral...

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