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BLU-J, INC. v. KEMPER C.P.A. GROUP

No. 89-3687.

916 F.2d 637 (1990)

BLU-J, INC., Plaintiff-Appellant, v. KEMPER C.P.A. GROUP, Defendant-Appellee.

United States Court of Appeals, Eleventh Circuit.

November 6, 1990.

Attorney(s) appearing for the Case

Alfred M. Butzbaugh, Butzbaugh & Ryan, St. Joseph, Mich., for plaintiff-appellant.

John E. Herndon, Jr., Jeffrey A. Blaker, Hinshaw, Culbetson, Moelmann, Hoban & Fuller, Miami, Fla., for defendant-appellee.

Before KRAVITCH and ANDERSON, Circuit Judges, and GODBOLD, Senior Circuit Judge.

ANDERSON, Circuit Judge:

I. BACKGROUND

In 1982, appellant Blu-J, Inc. ("Blu-J") became interested in an investment opportunity in World Class, Inc. ("World Class"), a Florida corporation involved in the manufacture of specialty T-Shirts. The investment proposal called for Blu-J to lend World Class 352,000.00 dollars and for a related entity to purchase a minority stock ownership position in World Class. To facilitate this transaction, Stanley C. Johnston...

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