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BIRD v. FERRY

No. 73-3107.

497 F.2d 112 (1974)

Charles N. BIRD et al., Plaintiffs-Appellees, v. William H. FERRY, Jr., et al., Defendants, v. The ROBINSON-HUMPHREY COMPANY, INC., Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

Rehearing and Rehearing and Rehearing Denied October 24, 1974.

Attorney(s) appearing for the Case

Hoke Smith, Prentiss Q. Yancey, Jr., Sam F. Lowe, Jr., Atlanta, Ga., for defendant-appellant.

Sidney L. Nation, Conyers, Ga., for plaintiffs-appellees.

Casper Rich, Decatur, Ga., for other interested parties.

Before COLEMAN, CLARK and GEE, Circuit Judges.

Rehearing and Rehearing and Rehearing En Banc Denied October 24, 1974.

GEE, Circuit Judge:

In 1959 William H. Ferry, a securities salesman, organized the Twenty-Ten Investment Club from citizens of Rockdale County, Georgia, near Atlanta. The club, an unincorporated association, had as a major purpose familiarizing its members with securities transactions, and with the ways of the world of corporate stocks, markets, brokers, etc. As we shall see, there can...

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