Town of Eustis v. Stratton-Eustis Development Corp.

SCOLNIK, Justice.

The plaintiff, Town of Eustis (Town), appeals from a judgment entered by the Superior Court (Franklin County) after a non-jury trial. The Superior Court ruled that the defendant, Stratton-Eustis Development Corporation (Corporation), does not hold real estate known as “Cathedral Pines” in trust for the Town, but ordered the Corporation to pay “profits” to the Town for timber-cutting operations carried out on the property. On appeal, the Town contends that the Superior Court erred in its conclusion that the Corporation does not hold Cathedral Pines in a constructive trust for…