In Re Tufts Electronics, Inc., Tufts Radio & Electronics, Inc., Debtor. Charles D. Martin v. Richard G. Kagan
Court of Appeals for the First Circuit
1Opinion of the Court
COFFIN, Circuit Judge.
Appellant Martin appeals from a judgment of the district court affirming the imposition of a constructive trust on property he owned in Hudson, New Hampshire. The district court concluded that appellant, as sole owner, president and director of the debtor corporation, breached his fiduciary duty to the corporation when he utilized corporate funds to purchase the New Hampshire property for himself rather than on behalf of the debtor. We disagree, concluding that a perfectly valid legal principle lacks the necessary predicate for its proper application in this case.
Martin…
2Cases cited8 opinions
- Durfee v. Durfee & Canning, Inc.Massachusetts Supreme Judicial Court · 1948
- Winchell v. Plywood Corp.Massachusetts Supreme Judicial Court · 1949
- Production MacHine Co. v. HoweMassachusetts Supreme Judicial Court · 1951
- M. McDonough Corp. v. ConnollyMassachusetts Supreme Judicial Court · 1943
- Hays v. Georgian Inc.Massachusetts Supreme Judicial Court · 1932
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3Cited by23 opinions
- Demoulas v. Demoulas Super Markets, Inc.Massachusetts Supreme Judicial Court · 1997
- Voest-Alpine Trading USA Corp. v. Vantage Steel Corp.Court of Appeals for the Third Circuit · 1990
- In Re Doctors Hospital of Hyde Park, Inc., Debtor-Appellee. Appeal of Lasalle Bank National Association, as TrusteeCourt of Appeals for the Seventh Circuit · 2007
- Heinz Wartski v. Terence W. Bedford, (Two Cases) Heinz Wartski v. Terence W. BedfordCourt of Appeals for the First Circuit · 1991
- Haseotes v. Cumberland Farms, Inc.Court of Appeals for the First Circuit · 2002
18 more not listed; retrieve them via the Exa API.