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L.B. INDUSTRIES, INC. v. SMITH

No. 86-3725.

817 F.2d 69 (1987)

L.B. INDUSTRIES, INC., a corporation, et al., Plaintiffs-Appellants, v. David M. SMITH, an individual, et al., Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided May 8, 1987.

Attorney(s) appearing for the Case

Charles F. McDevitt and Celeste Kim Vernetti, Boise, Idaho, for plaintiffs-appellants.

Robert B. Luce and R.B. Rock, Boise, Idaho, for defendants-respondents.

Before GOODWIN, SCHROEDER and FARRIS, Circuit Judges.

PER CURIAM:

L.B. Industries and several other contract creditors of Homestake Consulting and Investments, Inc., contend that David Smith, a corporate director of Independent Power Developers, Inc., and his employer Control Data Capital Corporation, a minority shareholder of Independent Power, are liable for the fraudulent misrepresentations allegedly made to L.B. Industries by William Delp, the president of Independent Power and Homestake Consulting. Although L.B...

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