WYATT v. UNION MORTGAGE CO.

Docket No. S.F. 23748.

24 Cal.3d 773 (1979)

598 P.2d 45

157 Cal. Rptr. 392

JOSEPH R. WYATT et al., Plaintiffs and Respondents, v. UNION MORTGAGE COMPANY et al., Defendants and Appellants.

Supreme Court of California.

August 10, 1979.


Attorney(s) appearing for the Case

COUNSEL

Ball, Hunt, Hart, Brown & Baerwitz, Joseph A. Ball, Joseph D. Mullender, David G. Finkle, Laurence F. Jay, Michael J. Maloney, Patrick T. Madden, Michael C. Cohen and Renie E. Yoshida for Defendants and Appellants.

Steven J. Schwartz, Volk, Newman, Marsh, Gralla & Karp, James H. Karp, Bruce H. Newman, Richard L. Goff, Heller, Ehrman, White & McAuliffe, Pettit & Martin, Joseph W. Rogers, Jr., and Susan M. Popik as Amici Curiae on behalf of Defendants and Appellants.

Irvine P. Dungan for Plaintiffs and Respondents.

Stanley W. Blackfield, Peter F. Elkind and Boxer & Elkind as Amici Curiae on behalf of Plaintiffs and Respondents.


OPINION

BIRD, C.J.

This is an appeal brought by a mortgage loan broker, its affiliated corporations, their principal shareholder, and several of the corporations' officers and directors from a judgment which imposed on them compensatory and punitive damages for breach of duties which were allegedly owed to respondents during the negotiation of a second mortgage loan. Liability of all but...

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