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USF & G CO. v. THREE GARDEN VILLAGE LTD. P'SHIP.

No. 515, September Term, 1988.

77 Md. App. 640 (1989)

551 A.2d 881

UNITED STATES FIDELITY & GUARANTY COMPANY, ET AL. v. THREE GARDEN VILLAGE LIMITED PARTNERSHIP, ET AL.

Court of Special Appeals of Maryland.

January 9, 1989.

Attorney(s) appearing for the Case

Howard G. Goldberg (Douglas N. Silber and Smith, Somerville & Case, on the brief), Baltimore, for appellants.

Pamela R. Johnson (George C. Courtot and Kroll & Tract, on the brief), Baltimore, for appellees, Riggs, Counselman, Michaels & Downes, Inc.

Robert W. Hesselbacher, Jr. (Elliott B. Adler and Laxalt, Washington, Perito & Dubuc on the brief), Washington, D.C., for appellee, Yorkville Corp.

Price O. Gielen, Holly N. Lindeman, Nancy S. Friedman, Melnicove, Kaufman, Weiner, Smouse & Garbis, P.A. and Alan M. Grochal, on the brief, Baltimore, for appellees Three Garden Village Ltd. Partnership and First Baltimore Asset Management, Inc.

Argued before MOYLAN, GARRITY and POLLITT, JJ.

GARRITY, Judge.

This case had its inception when Thomas Richard Stitt (Stitt), the sole stockholder, sole director, and sole officer of First Baltimore Asset Management, Inc. (First Baltimore), a company formed to manage apartment projects, improperly used funds held by First Baltimore on behalf of Three Garden Village Limited Partnership (Three Garden Village) and Yorkville Corporation (Yorkville). Thereafter, First Baltimore made claim against United States Fidelity...

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