Murphy v. T. Rowe Price Prime Reserve Fund, Inc.

8 F.3d 1420 Fed. Sec. L. Rep. P 97,812 James R. MURPHY, Executor of the Estate of Robert Gavin Brownlee, Deceased, Plaintiff-Appellant, v. T. ROWE PRICE PRIME RESERVE FUND, INC., a Maryland corporation; T. Rowe Price Associates, Inc., a Maryland corporation; T. Rowe Price Services, Inc., a Maryland corporation; and Does 1 through 100, inclusive, Defendants-Appellees. No. 92-15087. United States Court of Appeals, Ninth Circuit. Argued and Submitted June 18, 1993. Decided Nov. 4, 1993. Daniel S. Mount and James M. Ingram, Mount & Stoelker, and Robert T. Borawski, San Jose, CA, for plaintiff-appellant. Terry M. Gordon, Epstein Becker & Green, San Francisco, CA, for defendants-appellees. Appeal from the United States District Court for the Northern District of California. Before: FAIRCHILD * , BEEZER, and WIGGINS, Circuit Judges. BEEZER, Circuit Judge: 1 Robert Brownlee, now deceased, held a check closing out his mutual fund account for three years. Now the question is, who is entitled to the interest accrued on the funds evidenced by the uncashed check? The district court granted summary judgment for the defendants (hereinafter "Price"). We affirm in part and reverse and…