Strand v. Cranney

STEWART, Justice:

Plaintiff, Michael W. Strand, initiated this action to recover mining stock alleged to have been pledged to defendants as security for loans. In a counterclaim, defendants asserted that the stock was held by them as joint venturers with plaintiff. Defendants sought the termination of the joint venture and distribution of the assets. Following a trial to the court, plaintiff’s complaint was dismissed, and the court ruled in favor of defendants on their counterclaim. We affirm.

This case involves a series of transactions between the parties, initially characterized as secured…