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SHELDON v. FIRST FED. SAV. & LOAN ASS'N, ETC.

No. 77-1008.

566 F.2d 805 (1977)

Alice SHELDON, Plaintiff, Appellee, v. FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF PUERTO RICO, Defendant, Appellant.

United States Court of Appeals, First Circuit.

Decided December 15, 1977.

Attorney(s) appearing for the Case

Carlos G. Latimer, with whom Ramirez, Segal & Latimer, San Juan, P.R., was on brief, for defendant, appellant.

Roberto J. Matos, San Juan, P.R., for plaintiff, appellee.

Before ALDRICH and CAMPBELL, Circuit Judges, and CRARY, District Judge.

ALDRICH, Senior Circuit Judge.

Alice Sheldon, plaintiff appellee, was swindled of $84,000 by one Daniel Davila. Since Davila, a large scale operator, was judgment-proof, she sued her stockbrokers because their representative, Hodges, had recommended Davila and his enterprise, and defendant appellant, First Federal Savings & Loan Association of Puerto Rico, of which Davila was senior vice-president, a director, and a member of the loan committee. In her complaints...

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