Hannon Armstrong & Co. v. Sumitomo Trust & Banking Co.

OPINION

DONALD RUSSELL, Circuit Judge:

Sumitomo Trust & Banking Company appeals the district court’s determination on remand of the amount of the profits which the bank obtained by engaging in a certain transaction in violation of an agreement not to compete, and which the Fourth Circuit determined should therefore be placed in constructive trust for the benefit of Ap-pellee Hannon Armstrong. Hannon Armstrong cross-appeals. As explained below, we affirm in part, reverse in part, and remand with instructions.

I

This is an appeal of the district court’s disposition on remand of our previous…