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RAY E. FRIEDMAN & CO. v. JENKINS

No. 86-5245.

824 F.2d 657 (1987)

RAY E. FRIEDMAN & COMPANY, a corporation, Appellee, v. Brent Thomas JENKINS, individually and d/b/a Jenkins Stock Farms, Clark J. Jenkins, Appellant, J. Bruce Pearson, Casselton State Bank, a North Dakota Banking corporation, and The First Bank of North Dakota-Fargo, a National banking association. Brent Thomas JENKINS, v. RAY E. FRIEDMAN & COMPANY and Galen Nettum.

United States Court of Appeals, Eighth Circuit.

Decided July 27, 1987.

Attorney(s) appearing for the Case

Edward F. Klinger, Moorhead, Minn., for appellant.

Paul F. Richard, Fargo, N.D., for appellee.

Before HEANEY, FAGG, Circuit Judges, and LARSON, Senior District Judge.

FAGG, Circuit Judge.

Clark J. Jenkins (Clark) appeals from the district court's judgment setting aside a conveyance of land in which he was the grantee. We affirm.

Brent Thomas Jenkins (Brent), son of Clark, actively traded on the commodities market through different brokerage houses, including Ray E. Friedman & Company (Friedman). In early 1978, Brent began to incur heavy losses on the pork belly market. He obtained loans from two banks to help cover...

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