GARNER v. PEARSON

No. 82-5746.

732 F.2d 850 (1984)

Graham C. GARNER, etc., et al., Plaintiffs-Appellees, v. Tazwell W. PEARSON, individually and as Trustee for Philip Theodore Pyfrom and Lissay Pyfrom, minors, Robert N. Bussey, Donald N. Baker, Defendants-Appellants, and William M. Bussey, et al., Defendants.

United States Court of Appeals, Eleventh Circuit.

May 21, 1984.


Attorney(s) appearing for the Case

Michael L. Kinney, Tampa, Fla., for Pearson and Baker.

Albert I. Gordon, Tampa, Fla., for Robert N. Bussey.

James A. Dixon, Jr., Miami, Fla., Brian J. Gallagher, New York City, for plaintiffs-appellees.

Before GODBOLD, Chief Judge, TJOFLAT and HENDERSON, Circuit Judges.


GODBOLD, Chief Judge:

This case involves the propriety of a grant of partial summary judgment entered in favor of the liquidators of a failed Bahamian bank against three of its former officers and control persons who used bank funds to purchase stock for their own accounts without repaying the bank. We affirm.

I. Background

Defendants Tazwell W. Pearson, Robert N. Bussey, and Donald R. Baker established the British-American Bank, Ltd., (B-A Bank...

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