Albee Homes, Inc., and Albee Summit Homes, Inc. v. Meir Lutman

OPINION OF THE COURT

KALODNER, Circuit Judge.

Plaintiffs-appellants, Albee Homes, Inc. and Albee Summit Homes, Inc., brought this diversity action below to recover amounts allegedly due them from the defendant Meir Lutman. Their Complaint alleged that while defendant was employed by plaintiffs (1) he received loans and advances totaling $25,780.18 which had never been repaid; (2) he had charged personal expenses to plaintiffs in the amount of $51,119.75; and (3) he had obtained and retained possession of a promissory note that was the property of plaintiffs. The basis for the first two claims…