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JENNINGS v. ROBERTS SCOTT & CO., INC.

No. 12003.

113 Ariz. 57 (1976)

546 P.2d 343

John E. JENNINGS and Joan Jennings, husband and wife, for and on account of themselves and all others similarly situated, Appellants, v. ROBERTS SCOTT & CO., INC., a corporation, Appellee.

Supreme Court of Arizona, In Banc.

February 6, 1976.

Attorney(s) appearing for the Case

Peter A. Neisser, Phoenix, for appellants.

Johnson, Tucker, Jessen & Dake, Robert T. Murphy, Phoenix, for appellee.

HOLOHAN, Justice.

John E. and Joan Jennings filed a class action on behalf of all residents similarly situated in Maricopa County against Roberts, Scott & Co., Inc., a California corporation authorized to do and doing business in Arizona. The complaint alleged that on or about February 4, 1972, Roberts, Scott & Co., Inc. sold all of plaintiffs' securities on hand in a general investment account and purchased other...

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