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NORTHROP v. duPONT

173 S.E.2d 839 (1970)

210 Va. 709

Lewis J. NORTHROP v. Edmond duPONT et al., Individually and Partners t/a Francis I. duPont & Co.

Supreme Court of Appeals of Virginia.

April 27, 1970.

Attorney(s) appearing for the Case

Leonard B. Sachs, Norfolk (Canoles & Mastracco, Norfolk, on brief), for plaintiff in error.

Joseph L. Kelly, Jr., Norfolk (Williams, Worrell, Kelly & Worthington, Norfolk, on brief), for defendants in error.

Before SNEAD, C. J., and I'ANSON, CARRICO, GORDON, HARRISON, COCHRAN and HARMAN, JJ.

GORDON, Justice.

Lewis J. Northrop brought this action against Francis I. duPont & Company to recover the consideration he paid for stock of Interamerican Industries, Ltd. bought through duPont.

The purchases were initiated by Northrop, who instructed duPont to buy Interamerican stock for his account. Since duPont did not make a market for Interamerican stock, which was traded over-the-counter, it resorted to the "pink sheets" to find dealers who were...

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