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COLVIN v. DEMPSEY-TEGELER & CO., INC.

No. 72-2243.

477 F.2d 1283 (1973)

H. C. COLVIN, O. M. Prigmore, et al., Plaintiffs-Appellants, v. DEMPSEY-TEGELER & CO., INC., et al., Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

Rehearing and Rehearing Denied June 12, 1973.

Attorney(s) appearing for the Case

Sam Rosen, Kleber C. Miller, Fort Worth, Tex., for plaintiffs-appellants.

Dean Shuman, Lubbock, Tex., for Bass.

Allen Butler, Barefoot Sanders, William L. Keller, Dallas, Tex., for Dempsey-Tegler and Harold Levitt.

Before GEWIN, GOLDBERG and DYER, Circuit Judges.

Rehearing and Rehearing En Banc Denied June 12, 1973.

DYER, Circuit Judge:

Between December 19, 1968, and April 16, 1969, the eight plaintiffs purchased a total of 7,900 shares of Erie Technological Products, Inc. stock through the Lubbock, Texas, office of Dempsey-Tegeler & Company, Inc., a broker-dealer in securities. The market price of this stock subsequently dropped substantially and most of the 7,900 shares...

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