Legal Opinion
Consulting Overseas Management, Ltd. v. Shtikel
Court of Appeals of Washington
Decided February 26, 2001No. 46429-9-IPublishedCited by 28 opinions
1Opinion of the CourtCox, J.
At issue is whether the trial court erred by imposing personal liability for a corporate loan on the corporation’s officers for conversion and misrepresentation. Because there was no conversion of loan proceeds and no misrepresentation, we reverse.
Dmitri Shtikel is president of Commonwealth Enterprises, Inc., and Anatol Ionis is its treasurer. In May 1997, Shtikel, as president of Commonwealth Enterprises, Inc., entered into a loan agreement with Pegasus Aviation Company, Ltd. Pegasus loaned $550,000 to Commonwealth for the expressly stated purpose of financing the purchase and resale of a…
2Cases cited23 opinions
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- ESCA Corp. v. KPMG Peat MarwickWashington Supreme Court · 1998
- ESCA Corp. v. KPMG Peat MarwickWashington Supreme Court · 1998
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3Cited by28 opinions
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- Davenport v. Washington Educ. Ass'nCourt of Appeals of Washington · 2008
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- BROWN EX REL. RICHARDS v. BrownCourt of Appeals of Washington · 2010
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