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WARNER v. DILLON

No. 8417.

558 P.2d 540 (1976)

Eugene WARNER, Appellant, v. Eastman DILLON et al., Respondents.

Supreme Court of Nevada.

December 21, 1976.

Attorney(s) appearing for the Case

R. Paul Sorenson, Las Vegas, for appellant.

Smith & O'Brien, Jones & Barfield, George E. Marshall, Ashleman, Sabbath & Rohay, Las Vegas, for respondents.

OPINION

PER CURIAM:

Eugene Warner owned 40,000 shares of stock of Multinational Industries. On October 4, 1971, Warner instructed a broker at Eastman Dillon, a national stock brokerage firm, to sell the shares, in small lots, for the best price available. When the initial sales caused an abrupt drop in the price of the stock, the broker learned—through inquiries—the stock was nontransferable, even though such restriction did not appear on the...

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