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THOMPSON v. PRICE

Docket No. 8428.

251 Cal.App.2d 182 (1967)

59 Cal. Rptr. 174

ERVIS L. THOMPSON et al., Plaintiffs and Appellants, v. JAMES F. PRICE et al., Defendants, Cross-complainants and Appellants; JOHN B. HILL et al., Cross-complainants, Cross-defendants, and Respondents; LOUISE CORD, Defendant and Respondent.

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

May 19, 1967.

Attorney(s) appearing for the Case

C. Ray Robinson, Duane W. Dresser, Higgs, Jennings, Fletcher & Mack, Paul D. Engstrand, Jr., Edward M. Wright and Donald W. Raymond for Plaintiffs and Appellants.

Schall, Nielsen & Boudreau and Leland C. Nielsen for Defendants, Cross-complainants and Appellants.

Gray, Cary, Ames & Frye, J. Clifford Wallace and C.M. Monroe for Cross-complainants, Cross-defendants and Respondents.

No appearance for Defendant and Respondent.

BROWN (Gerald), P.J. —

FACTS

Before retiring from the Coca Cola Company in 1954, Thomas Carl Thompson (Thompson) discussed with James F. Price (Price), an attorney-at-law and supposed friend, the advisability of post-retirement financial investment. Thompson had invested in and become a director of Acme Sash Balance Company, a firm then owned substantially by Mrs. James (Alice) Price. While the Thompson...

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