[Download] "Richards v. Platte Valley Bank" by United States Court of Appeals for the Tenth Circuit ~ Book PDF Kindle ePub Free
eBook details
- Title: Richards v. Platte Valley Bank
- Author : United States Court of Appeals for the Tenth Circuit
- Release Date : January 14, 1989
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 65 KB
Description
BRORBY, Circuit Judge. Plaintiff Richards brought this action against Platte Valley Bank (Bank) for breach of fiduciary duty. Richards sought to recover $430,000 he had placed in escrow with Centennial Escrow Services, Inc. (Centennial). Marshall, the president of Centennial, placed the funds in Centennial's trust account at Platte Valley Bank and then wire transferred the money to himself rather than Richards. Richards alleged the Bank had notice of the circumstances of Marshall's withdrawal, which would have led a reasonable person to inquire whether Marshall was committing a breach of trust. The jury returned a verdict for Richards. The Bank appeals. For a statement of additional facts, see the companion appeal, Richards v. Attorneys' Title Guaranty Fund, Inc., 866 F.2d 1570 (10th Cir. 1989).