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STATES RESOURCES CORP. v. ARCHITECTURAL TEAM, INC.

Nos. 05-1381, 05-1473.

433 F.3d 73 (2005)

STATES RESOURCES CORP., Plaintiff, Appellee, v. THE ARCHITECTURAL TEAM, INC., Defendant, Appellant, Michael Capizzi; Catherine Capizzi; Garrett, Inc., Defendants, Appellees, John Connolly, Jr.; Massachusetts Department of Revenue; James Grumbach; Kevin Duffy, Defendants. States Resources Corp., Plaintiff, Appellant, v. Michael J. Capizzi; Catherine R. Capizzi; The Architectural Team, Inc.; Garrett, Inc.; John Connolly Jr.; Massachusetts Department of Revenue; Kevin Duffy, Defendants, Appellees, James Grumbach, Defendant.

United States Court of Appeals, First Circuit.

Decided December 20, 2005.

Attorney(s) appearing for the Case

Jordan Ring, with whom Ring Law Firms was on brief, for appellant/cross-appellee.

John A. Doonan, with whom is Doonan, Graves & Longoria, L.L.C. was on brief, for appellee/cross-appellant.

Before LIPEZ, Circuit Judge, COFFIN, Senior Circuit Judge, and CARTER, Senior District Judge.

LIPEZ, Circuit Judge.

This case began as an interpleader action to determine the proper distribution of surplus proceeds from a foreclosure sale conducted by States Resources Corporation ("SRC"). To that end, SRC named several defendants with interests in the foreclosed property, including The Architectural Team, Inc. ("TAT"), a junior lienholder. TAT filed counterclaims against SRC, alleging that SRC mishandled the foreclosure sale and breached its fiduciary duty...

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