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ALLEN v. A. G. EDWARDS & SONS, INC.

No. 77-2052.

606 F.2d 84 (1979)

E. C. ALLEN, Plaintiff-Appellee, v. A. G. EDWARDS & SONS, INC., Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied December 6, 1979.

Attorney(s) appearing for the Case

Arthur L. Smith, Richard P. Sher, St. Louis, Mo., J. Robert McClure, Jr., Tallahassee, Fla., for defendant-appellant.

John C. Cooper, Tallahassee, Fla., for plaintiff-appellee.

Before COLEMAN, RONEY and FAY, Circuit Judges.

FAY, Circuit Judge:

This appeal arises from a $23,210 final judgment for appellee entered pursuant to a jury verdict by the District Court for the Northern District of Florida. The controversy in this diversity action springs from appellant's purchase of stock to cover potential losses from appellee's "short sale" stock transaction, contravening an oral promise by the manager of appellant's local branch that the company would take no immediate action. The pivotal...

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