Cotten & Selfon v. Charnock

OPINION

This case involves a dispute arising out of a stock transfer from the founder and part-owner of a corporation to his longtime friend and lawyer for the corporation. Following the lawyer’s death, his partnership sued his estate, his wife, and the transferor, claiming that the proceeds from the eventual sale of stock belonged to the partnership; the estate counterclaimed asserting its entitlement to insurance proceeds on the decedent’s life. At the conclusion of the partnership’s case, the district court granted the defendants’ motion for judgment as a matter of law. The parties then…