SKINNER v. E.F. HUTTON & CO., INC.

No. 8314SC1171.

320 S.E.2d 424 (1984)

J. Travis SKINNER and Barbara R. Skinner v. E.F. HUTTON & COMPANY, INC., John Hudson, and Donald Fontes.

Court of Appeals of North Carolina.

October 2, 1984.


Attorney(s) appearing for the Case

Haythe & Curley by Samuel T. Wyrick, III and James Arthur Pope, Raleigh, for plaintiffs-appellants-appellees.

Manning, Fulton & Skinner by Howard E. Manning and Michael T. Medford, Raleigh, for defendants-appellees-appellants.


BRASWELL, Judge.

Motivated by "inside information" allegedly provided by the defendant stockbrokers that corporate "take overs" were imminent, the plaintiffs purchased stock in two insurance companies. The "take overs," however, did not occur. When the plaintiffs subsequently sold their stock in these companies, they incurred financial losses of approximately $47,526 in stock losses, margin call, margin interest, and brokers' commissions.

The plaintiffs have...

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