FIRST EQUITY CORP. OF FLA. v. UTAH STATE UNIVERSITY

No. 13798.

544 P.2d 887 (1975)

FIRST EQUITY CORPORATION OF FLORIDA, a Florida Corporation, Plaintiff and Appellant, v. UTAH STATE UNIVERSITY, a body politic and corporate, and Donald A. Catron, an Individual, Defendants and Respondents, Bear Stearns & Co., Bosworth-Sullivan & Company, Inc., et al., Amici Curiae.

Supreme Court of Utah.

December 23, 1975.


Attorney(s) appearing for the Case

Norman S. Johnson, Randall P. Spackman and Christine M. Durham of Johnson & Spackman, Salt Lake City, for plaintiff and appellant.

Vernon B. Romney, Atty. Gen., David L. Wilkinson, Asst. Atty. Gen., Salt Lake City, for Utah State U.

Darwin C. Hansen, Bountiful, for Catron.

Keith E. Taylor of Parsons, Behle & Latimer, Salt Lake City, for Bear Stearns & Co., amici curiae.

Harold G. Christensen of Worsley Snow & Christensen, Salt Lake City, for Sullivan & Co., amici curiae.


HYDE, District Judge:

This is an action brought by a stock broker, First Equity Corporation of Florida, against Utah State University (USU) and Donald A. Catron, formerly the Assistant Vice-President of Finance of Utah State University, for the recovery of commissions and other monies lost by First Equity as a result of USU's refusal to accept and pay for certain shares of common stock which had been ordered by Catron for USU.

First Equity filed a Motion for...

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