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KIEHNE v. PURDY

Nos. 51932, 51961 and 51987.

309 N.W.2d 60 (1981)

Hilda A. KIEHNE, Respondent, v. Charles H. PURDY III, Appellant (51932), Shearson Loeb Rhoades, Inc., Appellant (51987), E. F. Hutton, Inc., Appellant (51961).

Supreme Court of Minnesota.

August 21, 1981.

Attorney(s) appearing for the Case

Charles H. Purdy III, pro se.

Dorsey, Windhorst, Hannaford, Whitney & Halladay and J. Jackson, Minneapolis, for Rhoades.

Popham, Haik, Schnobrich, Kaufman & Doty, Clifford M. Greene, David S. Doty and David J. Edquist, Minneapolis, for E. F. Hutton, Inc.

Faegre & Benson, Lawrence C. Brown and Nicholas J. Spaeth, Minneapolis, for respondent.

Heard, considered and decided by the court en banc.

OTIS, Justice.

Hilda Kiehne brought this securities action in district court against her former broker, defendant Purdy, and two brokerage firms, E. F. Hutton ("Hutton") and Shearson Loeb Rhoades ("Shearson"). Plaintiff seeks to recover damages resulting from defendant Purdy's alleged mishandling of her account while he was an employee of Hutton and Shearson, respectively, on the grounds of common law fraud, breach of contract, and violations of the Minnesota Blue...

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