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IOTA MANAGEMENT v. BOULEVARD INV. CO.

No. 49817.

731 S.W.2d 399 (1987)

IOTA MANAGEMENT CORP., United Associates, Inc., Arthur Loomstein, and David Weil, d/b/a Parklin Associates, a Missouri Limited Partnership, Plaintiffs and Counterclaim-Defendants/Respondents, and Kay Loomstein, Counterclaim-Defendant/Respondent, v. BOULEVARD INVESTMENT COMPANY, Defendant and Counterclaim-Plaintiff/Appellant, and Madesco Investment Corp., Defendant/Appellant, and Norman K. Probstein, Defendant.

Missouri Court of Appeals, Eastern District, Division Three.

Motion for Rehearing and/or Transfer Denied June 2, 1987.

Application to Transfer Denied July 14, 1987.

Attorney(s) appearing for the Case

John R. Musgrave, Ellen E. Bonacorsi, Ronald L. Hack, Coburn, Croft, Putzell, St. Louis, for appellants.

Robert F. Summers, Bryan L. Hettenbach, Summers, Compton, Wells & Hamburg, Clayton, for respondents.

SNYDER, Chief Judge.

Madesco Investment Corporation and its wholly owned subsidiary, Boulevard Investment Co., appeal from a judgment in favor of respondents in which the trial court found appellants liable for breach of a sales agreement and constructive fraud in connection with appellant Boulevard's sale of a hotel to respondents. The judgment is affirmed.

This action arose from the sale of the Bel Air West Motor Hotel by appellant Boulevard to respondents...

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