Dain Bosworth Inc. v. Goetze

OPINION

WOZNIAK, Judge.

Appellant, Dain Bosworth Incorporated, sued respondent, Sandi Goetze, for the conversion of 800 dividend shares of ADAC Labs stock. The trial court found that Goetze converted 350 of the shares and awarded Dain its actual damages for the conversion, plus prejudgment interest. The trial court held, however, that Dain was equitably estopped from recovering the remaining converted shares because Dain failed to advise Goetze before she converted the dividend shares that she was not entitled to them. We reverse.

FACTS

Appellant Dain Bosworth Incorporated (Dain) is a…