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CHENG v. CALIFORNIA PACIFIC BANK

No. A085004.

90 Cal.Rptr.2d 401 (1999)

76 Cal.App.4th 274

Paul C.P. CHENG, Plaintiff and Respondent, v. CALIFORNIA PACIFIC BANK, Defendant and Appellant.

Court of Appeals of California, First District, Division One.

November 16, 1999.

Attorney(s) appearing for the Case

Arnold S. Rosenberg, for Defendant and Appellant.

Lillick & Charles, James S. Monroe and Francisco J. Morales, San Francisco, for Plaintiff and Respondent.

MARCHIANO, J.

California Pacific Bank (the Bank) appeals from a summary judgment awarding prejudgment interest on the appraised value of the shares of a dissenting shareholder in a bank conversion transaction. The only issue raised on appeal is whether prejudgment interest was recoverable. We determine that the Bank was obligated to pay the appraised value of the shares on the date the value was agreed upon and that neither a dispute as to legal ownership, the provisions...

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