Adele Walsh Parker and Ivon J. Parker v. Williams Construction Co., a California Corporation, and A. J. Bumb, Receiver, Williams Construction Co., a Corporation, and A. J. Bumb, Receiver v. Adele Walsh Parker and Ivon J. Parker

443 F.2d 597 Adele Walsh PARKER and Ivon J. Parker, Appellants, v. WILLIAMS CONSTRUCTION CO., a California Corporation, and A. J. Bumb, Receiver, Appellees. WILLIAMS CONSTRUCTION CO., a corporation, and A. J. Bumb, Receiver, Appellants, v. Adele Walsh PARKER and Ivon J. Parker, Appellees. Nos. 25278, 25335. United States Court of Appeals, Ninth Circuit. May 28, 1971. 1 Mark G. Ancel (argued), Baker, Ancel & Redmond, Leonard A. Goldman (argued), Goldman, Goldman & Arnold, Los Angeles, Cal., for Adele Walsh Parker and Ivon J. Parker. 2 David M. Richman (argued), Palm Springs, Cal., for Williams Constr. Co. 3 Before BARNES and ELY, Circuit Judges, and SOLOMON, * District judge. SOLOMON, District Judge: 4 This is a cross-appeal from an order of the Referee in Bankruptcy in a Chapter XI proceeding. Two issues are presented. The first is whether an attorney who entered a joint venture with her client to purchase a ranch had a fiduciary obligation to disclose the terms of a prior transaction in which the attorney traded the same ranch to a third party. The second is whether the Referee properly charged the attorney, who was the solvent joint venturer, with a portion of the costs…