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KROCK v. LIPSAY

Nos. 1138, 1654, Dockets 95-7621, 95-7901.

97 F.3d 640 (1996)

Richard H. KROCK; Frederick J. De Angelis; Karl E. Case; Robert D. McNally; Stephen J. Browne, as trustees of Wedgestone Financial, a Massachusetts business trust, Plaintiffs-Appellants Cross-Appellees, v. Alan W. LIPSAY; Norman E. Blankman; Rose Diamond; Helene Newman; David B. Pall; David Halperin; Arnold Rosenwasser; Sue Anne F. Emerson; Carola Duncan; Bernard Tannenbaum; Donald O. Stein; Carol Feuer; Ellen S. Buczko; Louis V. Greco, Jr.; CP Grecay Corp.; College Point Associates; Richard Ferrara; Earnest R. Field; Theodore J. Malvin and Joseph J. Blake and Associates, Inc., Defendants-Appellees, Peter R. Gray, Defendant-Appellee Cross-Appellant.

United States Court of Appeals, Second Circuit.

Decided September 23, 1996.

Attorney(s) appearing for the Case

Stuart E. Abrams, Frankel & Abrams, New York City (Sandor Frankel, Al J. Daniel, Jr. on the brief), for appellants-cross-appellees Richard H. Krock, et al.

Sheldon M. Krupnick, Krupnick & Goldman, Garden City, NY, for appellees Alan W. Lipsay, et al.

Stewart D. Aaron, Dorsey & Whitney P.L.L.P., New York City, for appellees Rose Diamond, et al.

Luigi P. De Maio, Crocco & De Maio, P.C., New York City, for appellee Richard Ferrara and appellee-cross-appellant Peter R. Gray.

Before: KEARSE and ALTIMARI, Circuit Judges, and JOHNSON, District Judge.

ALTIMARI, Circuit Judge:

Wedgestone Financial ("Wedgestone") appeals from a judgment of the United States District Court for the Southern District of New York (Weinstein, J.), after a jury trial, finding that 1) the defendants had not committed fraud when they acquired a loan from Wedgestone secured by property in New York, and 2) dismissing Wedgestone's equitable claims for constructive trust, unjust enrichment, and fraudulent conveyance. Wedgestone asserts that...

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