Legal Opinion
United States v. Thomas Moore Pegg
Court of Appeals for the Ninth Circuit
Decided February 19, 1986No. 84-6308PublishedCited by 20 opinions
1Opinion of the Court
BOOCHEVER, Circuit Judge.
Thomas Pegg appeals the district court’s decision characterizing him as a constructive trustee of property for the benefit of the United States. Because we hold that the district court properly found that Pegg breached the trust he owed the United States, we affirm the district court’s award to the United States of the fair market value of the property at the time Pegg sold it. We also find that Pegg is entitled to a $1,000 credit for the purchase price he paid for the vacant lot that he should have received.
I. FACTUAL BACKGROUND
The United States 1 sold two adjacent…
2Cases cited14 opinions
- McLINN v. FJORDCourt of Appeals for the Ninth Circuit · 1984
- Bainbridge v. StonerCalifornia Supreme Court · 1940
- United States v. Lennard L. MeadCourt of Appeals for the Ninth Circuit · 1970
- Weiss v. MarcusCalifornia Court of Appeal · 1975
- Kraus v. Willow Park Public Golf CourseCalifornia Court of Appeal · 1977
9 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Landwehr v. DuPreeCourt of Appeals for the Ninth Circuit · 1995
- Universal Title Insurance Company, a Minnesota Corporation v. United StatesCourt of Appeals for the Eighth Circuit · 1991
- William S. Lund v. Donald H. AlbrechtCourt of Appeals for the Ninth Circuit · 1991
- Travelers Casualty & Surety Company of America, Inc. v. Northwestern Mutual Life Insurance Company and Merrill Lynch, Pierce, Fenner & Smith Inc.Court of Appeals for the Seventh Circuit · 2007
- In re Residential Capital, LLCUnited States Bankruptcy Court, S.D. New York · 2014
15 more not listed; retrieve them via the Exa API.