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RHODE ISLAND CHARITIES TRUST v. ENGELHARD CORP.

No. 01-1219.

267 F.3d 3 (2001)

The RHODE ISLAND CHARITIES TRUST, Plaintiff, Appellee, v. ENGELHARD CORPORATION, Defendant, Appellant.

United States Court of Appeals, First Circuit.

Decided September 27, 2001.

Attorney(s) appearing for the Case

H. Jerome Strickland with whom Robert C. Norman, Jones, Cork & Miller, Benjamin V. White and Vetter & White were on brief for appellant.

Michael P. DeFanti with whom Brian C. Newberry and Hinckley, Allen & Snyder LLP were on brief for appellee.

Before BOUDIN, Chief Judge, GIBSON, Senior Circuit Judge, and TORRUELLA, Circuit Judge.

BOUDIN, Chief Judge.

Engelhard Corporation appeals from the district court's grant of summary judgment, and its award of $597,463 in damages plus $191,029.60 in prejudgment interest, in favor of the Rhode Island Charities Trust ("the Trust"). The facts are somewhat complicated but undisputed.

In 1937, the Trust was formed for the purpose of distributing money grants for charitable purposes. In 1948, the Trust purchased Southern Clays, Inc., a kaolin mining...

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