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FIBRO TRUST, INC. v. BRAHMAN FINANCIAL, INC.

No. 970422.

974 P.2d 288 (1999)

1999 UT 13

FIBRO TRUST, INC., Plaintiff and Appellant, v. BRAHMAN FINANCIAL, INC., a Nevada corporation; American Pacific Securities, Ltd., a Hong Kong corporation; Mark E. Eames; et al., Defendants and Appellees.

Supreme Court of Utah.

February 12, 1999.

Attorney(s) appearing for the Case

Mitchell R. Barker, Thomas E. Stamos, West Valley City, for plaintiff.

Brian Steffenson, James McConkie, Salt Lake City, for defendants.

ZIMMERMAN, Justice:

¶ 1 Plaintiff Fibro Trust, Inc. ("Fibro"), brought breach of contract and conversion claims against defendants Brahman Financial, Inc. ("Brahman"), American Pacific Securities, Ltd. ("APS"), and Mark Eames. The trial court granted a directed verdict for defendants. Fibro argues on appeal that the trial court erred in concluding that the contract was illegal. We agree and reverse and remand.

¶ 2 Fibro owns millions of shares in...

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