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SCHEIN v. CHASEN

No. 45803.

313 So.2d 739 (1975)

Jacob SCHEIN and Marvin H. Schein, Plaintiffs-Appellants, v. Melvin CHASEN et al., Defendants-Appellees. Antone F. GREGORIO, Plaintiff-Appellant, v. LUM'S, INC., et al., Defendants-Appellees.

Supreme Court of Florida.

March 13, 1975.

Attorney(s) appearing for the Case

Sidney B. Silverman of Silverman & Harnes, New York City, for plaintiffs-appellants.

Richard Y. Holcomb and James V. Hayes of Donovan, Leisure, Newton & Irvin, Stephen P. Duggan, Jr., James J. Hagan, Lindsay A. Lovejoy, Jr., of Simpson, Thacher & Bartlett, and David Hartfield, Jr., and Laura Banfield, of White & Case, New York City, for defendants-appellees.

ROBERTS, Justice.

This cause is before us for consideration of questions certified to us by the United States Court of Appeals for the Second Circuit pursuant to Rule 4.61, Florida Appellate Rules. The following questions have been certified:

Are investors, who sell stock on the basis of inside information about the issuer corporation which they received from a stockbroker who in turn received the information from the president of the issuer corporation,...

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