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SIMCOX v. SAN JUAN SHIPYARD, INC.

No. 84-1336.

754 F.2d 430 (1985)

Marion SIMCOX, et al., Plaintiffs, Appellees, v. SAN JUAN SHIPYARD, INC., etc., et al., Defendants, Appellees. International Shipbuilding Corporation, Defendant, Appellant.

United States Court of Appeals, First Circuit.

Decided February 7, 1985.

Attorney(s) appearing for the Case

Harvie DuVal, North Miami, Fla., with whom Greenfield & DuVal, North Miami, Fla., was on brief for defendant, appellant.

Arnaldo Velez, Miami, Fla., with whom Taylor, Brion, Buker & Greene, Miami, Fla., was on brief for Marion Simcox and Mary Simcox.

Before BOWNES, Circuit Judge, McGOWAN, Senior Circuit Judge, and BREYER, Circuit Judge.

BOWNES, Circuit Judge.

Defendant, International Shipbuilding Corporation (International) appeals from the judgment of the district court in a jury-waived trial that International purchased stock in San Juan Shipyard, Inc., with notice that the stock had been issued and transferred in a complicated series of transactions designed to defraud plaintiffs, Marion and Mary Simcox, and that, consequently, International has no interest...

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