American Security and Trust Company, Trustee in Reorganization of Parkwood, Inc. v. Keith N. Fletcher

WIDENER, Circuit Judge:

The question here is whether the defendant, Keith N. Fletcher, may be liable to the plaintiff, American Security and Trust Company (acting as a trustee in bankruptcy), on account of Fletcher allowing one Bruce Noland, a real estate speculator, to use his (Fletcher’s) financial statement to present to the bankruptcy court A1 for its consideration in deciding whether or not to sell certain land to Noland. The issues presented are whether certain of the district court’s findings of fact were clearly erroneous and must be set aside, and whether Fletcher’s actions in…