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  5. 896 F.2d 1149 (1990)
 

GROSVENOR PROPERTIES LTD. v. SOUTHMARK CORP.

Nos. 87-2829, 88-1631 and 87-2877.

896 F.2d 1149 (1990)

GROSVENOR PROPERTIES LTD., a California corporation; Grosvenor Ventures Ltd.; L.P.V. Hotels Ltd., Plaintiffs-Appellees, v. SOUTHMARK CORPORATION; Southmark Vancouver Corporation, Defendants-Appellants. GROSVENOR PROPERTIES LTD., a California corporation; Grosvenor Ventures Ltd.; L.P.V. Hotels Ltd., Plaintiffs-Appellants, v. SOUTHMARK CORPORATION, et al., Defendants, and William S. Friedman, Defendant-Appellee.

United States Court of Appeals, Ninth Circuit.

Notice of Automatic Stay July 14, 1989.

Order Vacating Automatic Stay January 10, 1990.

Decided February 8, 1990.

Attorney(s) appearing for the Case

Charles S. Treat, Latham & Watkins, Los Angeles, Cal., for defendants-appellants.

Neil E. Falconer, Steinhart & Falconer, San Francisco, Cal., for plaintiffs-appellees-cross-appellants.

Before TANG, CANBY, and O'SCANNLAIN, Circuit Judges.

O'SCANNLAIN, Circuit Judge:

Southmark Corporation (Southmark) appeals the district court's judgment against it following a jury trial in which Southmark was found to have fraudulently misappropriated the benefits of an agreement to form a joint venture between Southmark and Grosvenor Properties (Grosvenor). Grosvenor cross-appeals a directed verdict in favor of William Friedman, vice chairman of Southmark.

Grosvenor and Southmark entered into a joint venture...

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