Legal Opinion
Transcontinental Leasing, Inc., and Hussein Z. Keilani, Cross-Appellants v. Michigan National Bank of Detroit, Cross-Appellee
Court of Appeals for the Sixth Circuit
Decided August 7, 1984No. 82-1921, 82-1969 and 83-1225PublishedCited by 59 opinions
1Opinion of the Court
CONTIE, Circuit Judge.
Michigan National Bank (MNB) appeals from a judgment of the district court holding it liable for the conversion of plaintiffs’ stock holdings. Plaintiffs cross-appeal from the district court’s subsequent refusal to award treble damages under M.C.L.A. § 600.2919a. We reverse the district court judgment and remand this case for a new trial.
I
Hussein Keilani is the president and sole shareholder of Transcontinental Leasing, Inc. (Transcontinental). In early 1974, Keilani purchased a quantity of stock on margin through two brokerage firms. The brokerage firms held the stock…
2Cases cited9 opinions
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Hagans v. LavineSupreme Court of the United States · 1974
- Rosado v. WymanSupreme Court of the United States · 1970
- Thor C. LAUGESEN, Plaintiff-Appellant, v. the ANACONDA COMPANY, Defendant-AppelleeCourt of Appeals for the Sixth Circuit · 1975
- Hackley v. HeadleyMichigan Supreme Court · 1881
4 more not listed; retrieve them via the Exa API.
3Cited by59 opinions
- Musson Theatrical, Inc., and Modernage Photo Service, Inc., for Themselves and All Others Similarly Situated v. Federal Express CorporationCourt of Appeals for the Sixth Circuit · 1998
- Roberts v. City of TroyCourt of Appeals for the Sixth Circuit · 1985
- Orthokinetics, Inc. v. Safety Travel Chairs, Inc.Court of Appeals for the Federal Circuit · 1986
- Fed. Sec. L. Rep. P 97,267 Ralph E. Aschinger v. Columbus Showcase Company, Carl J. Aschinger, Sr.Court of Appeals for the Sixth Circuit · 1991
- Joel R. Gaff v. Federal Deposit Insurance CorporationCourt of Appeals for the Sixth Circuit · 1987
54 more not listed; retrieve them via the Exa API.