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TRANSCON. LEASING v. MICHIGAN NAT. BANK OF DETROIT

Nos. 82-1921, 82-1969 and 83-1225.

738 F.2d 163 (1984)

TRANSCONTINENTAL LEASING, INC., and Hussein Z. Keilani, Plaintiffs-Appellees, Cross-Appellants, v. MICHIGAN NATIONAL BANK OF DETROIT, Defendant-Appellant, Cross-Appellee.

United States Court of Appeals, Sixth Circuit.

Decided July 10, 1984.

Opinion on Denial of Rehearing August 7, 1984.

Attorney(s) appearing for the Case

Joseph S. Radom (argued), Southfield, Mich., for defendant-appellant, cross-appellee.

Carl J. Marlinga (argued), Southfield, Mich., for plaintiffs-appellees, cross-appellants.

Before JONES and CONTIE, Circuit Judges, and PECK, Senior Circuit Judge.

Opinion on Denial of Rehearing in Nos. 82-1921, 82-1969 August 7, 1984.

CONTIE, Circuit Judge.

Michigan National Bank (MNB) appeals from a judgment of the district court holding it liable for the conversion of plaintiffs' stock holdings. Plaintiffs cross-appeal from the district court's subsequent refusal to award treble damages under M.C.L.A. § 600.2919a. We reverse the district court judgment and remand this case for a new trial.

I.

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