(Download) "State Alaska v. First National Bank" by Supreme Court of Alaska " eBook PDF Kindle ePub Free
eBook details
- Title: State Alaska v. First National Bank
- Author : Supreme Court of Alaska
- Release Date : January 03, 1982
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 87 KB
Description
These appeals arise from an action brought by the Attorney General against George Brown, Jr. and others involved in the development and sale of certain real property in this state. The basic conduct complained of consists of various misleading statements and omissions concerning the suitability of the land for residential construction. The State sought to enjoin such conduct and to obtain restitution on behalf of individual lot purchasers. After obtaining a preliminary injunction, the State joined as an additional defendant First National Bank of Anchorage, which had financed the real estate development, seeking cancellation of purchasers promissory notes which the Bank was holding as collateral for its loans to Brown. The lower court dismissed the States action against First National and, after a non-jury trial, entered judgment against Brown. That judgment permanently enjoined Brown from engaging in certain conduct and adJudged him liable to the State, as trustee for individual purchasers, for $1,611,357.60. Brown has appealed that judgment and the State has filed a cross-appeal. The State has also appealed the trial courts dismissal of its claim against First National.
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