Diamond Claims & Investigation Services, Inc. - Page 35

                                       - 35 -                                         
          mining lost profits, he took account of the profits lost by DCI,            
          as well as the profits lost by ETS, that he treated ETS as a                
          division of DCI, and that although he was unable to determine               
          precisely the portion of the total lost profits attributable to             
          ETS, "the bulk of what is in the office profitability would have            
          been from Evergreen."                                                       
               The following actions taken by the parties to the Farmers              
          lawsuit subsequent to the District Court's opinions and judgments           
          are consistent with those opinions and judgments:  (1) FIG made             
          the FIG check in payment of the proceeds of the Farmers lawsuit             
          payable to all the plaintiffs in the Farmers lawsuit (viz., DCI,            
          Peter Diamond, and Shirley Diamond), as well as their attorneys             
          Markowitz & Herbold; (2) FIG prepared the FIG letter that                   
          accompanied the FIG check in which it stated, inter alia, that              
          that check represented full payment by FIG of the plaintiffs'               
          claims, without drawing any distinction between DCI and the                 
          Diamonds; and (3) Peter Diamond as president of DCI, Peter                  
          Diamond as an individual, Shirley Diamond as an individual, and             
          David Markowitz and Barrie Herbold endorsed the FIG check.24                


          24  We note that certain statements by DCI and the Diamonds in              
          the Dec. 12, 1984 minutes, the Dec. 12, 1984 letter, and the Dec.           
          30, 1984 minutes also are consistent with the District Court's              
          opinions and judgments in the Farmers lawsuit.  Those documents             
          all indicate that at an early stage in the Farmers lawsuit DCI              
          and the Diamonds recognized that the Diamonds, in their capacity            
          as the owners of ETS, were parties to the Farmers lawsuit and               
          would be entitled to a portion of any amount that the District              
          Court decided to award in that lawsuit.                                     




Page:  Previous  21  22  23  24  25  26  27  28  29  30  31  32  33  34  35  36  37  38  39  40  Next

Last modified: May 25, 2011