Trikona Advisers Ltd. v. Haida Invs., Ltd.

The present interpleader action arose out of a dispute over the control and ownership of 500 shares of stock in Trikona Advisers Limited, an investment advisory corporation specializing in Indian real estate. Asia Pacific Ventures Limited and Vera Financial Corporation brought an interpleader action to determine ownership of the shares. The trial court rendered an interlocutory judgment of interpleader, ordering that the shares be deposited with the clerk of the court. Haida Investments Limited, the named defendant, appealed. The Supreme Court affirmed, holding (1) Haida established that it was aggrieved by the trial court’s interlocutory judgment of interpleader and therefore had standing to appeal; and (2) the trial court properly rendered an interlocutory judgment of interpleader because Asia Pacific and Vera Financial alleged facts sufficient to establish that Haida had a claim to the shares and that Asia Pacific, Vera Financial, and Haida had facially competing claims to the shares. View "Trikona Advisers Ltd. v. Haida Invs., Ltd." on Justia Law