Klein v. Whitehead

Charles Parsons was a man of modest means, who "was looking for something a little better than what I had." He found instead something a lot worse than what he had, a discovery which ultimately required him to declare bankruptcy. The method by which he proceeded from the status of modest means to that of no means prompted this lawsuit by appellant Gerald Klein, the trustee in bankruptcy, against those persons whom Mr. Klein believes were responsible for the decline in Mr. Parsons fortunes. Unfortunately, the factual basis of Mr. Kleins claim is somewhat complex, requiring a detailed recitation of what occurred.