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88 F.2d 993

Docket No. 6158.

Kabet v. Stevenson

Third Circuit Court of Appeals

Decided Feb. 26, 1937.

Third Circuit Court of Appeals · decided 1937-02-26

Cited by 2 later decisions — most recently October 1991

2 counsel of record

Relies on Stevenson v. Ruth

Good law ✅— No negative treatment on recordhow we know

Opinion by (per_curiam) · Decided 1937-02-26

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¶1Carl E. dock, T. W. Pomeroy, Jr., and Reed, Smith, Shaw & McClay, all of Pittsburgh, Pa., for appellant.

¶2Harold E. McCamey, Charles A. Woods, Jr., and Dickie, Robinson & McCamey, all of Pittsburgh, Pa., for appellee.

¶3Before BUFFINGTON, DAVIS, and THOMPSON, Circuit Judges.

¶4PER CURIAM.

¶5This is an appeal from a judgment of the District Court for the Western District of Pennsylvania. The facts are set forth in our prior opinion in which we directed that the right of Dr. Stevenson to a set-off and counterclaim be determined by a jury. Stevenson v. Ruth (C.C.A.) 76 F.(2d) 501.

¶6On the second trial the right to a set-off was conceded. The only issue left for the jury to determine, therefore, was whether the stock pledged by Dr. Stevenson as collateral was sold by the receiver of the bank without notice to him and for less than its fair market value in a manner which amounted to a lack of due diligence on the part of the bank as pledgee. The jury by its verdict upon proper instructions by the learned trial judge found that the pledgee did not exercise due diligence and care in disposing of the collateral. There was sufficient evidence to sustain this finding.

¶7We are not impressed by the appellant’s contention that the pleadings were insufficient to permit the admission of the evidence submitted on behalf of the appellee.

¶8The judgment of the court below is affirmed.

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