L. L. Stroud and John A. Gillies v. B-W Acceptance Corporation

SETH, Circuit Judge.

After trial to the court, judgment was entered against the appellants, defendants below, for $334,277.64, plus attorney’s fees of $10,000.00. The appellants have taken this appeal. The facts may be summarized briefly as follows:

The appellants were sole shareholders in the Medalion Apartment Hotel, Inc. (hereinafter Medalion). Medalion built and operated an apartment hotel in Colorado Springs, Colorado, and the first tenants, some of whom were business firms, apparently took possession in early 1962. It appears that Medalion’s apartments were of the “luxury” type, and that…