Stathis v. Geldermann, Inc.

Plaintiff, Gus Stathis, brought this action to recover damages from defendants, Geldermann, Inc., and Geldermann Securities, Inc. (GSI) (collectively Geldermann), for the conversion of his property and conspiracy to usurp a corporate opportunity. The circuit court granted Geldermann’s motion for summary judgment from which plaintiff appeals. The issues raised are whether summary judgment was properly entered for Geldermann on the conversion and conspiracy charges in consideration of the deposition testimony, documents, and answers to interrogatories presented. The following facts were derived…