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QUEALY v. PAINE, WEBBER, JACKSON & CURTIS, INC.

No. 85-C-0495.

475 So.2d 756 (1985)

William L. QUEALY v. PAINE, WEBBER, JACKSON & CURTIS, INC., Donald S. Castrone, New England Gas and Electric Association and Vance, Sanders Investors Fund, Inc.

Supreme Court of Louisiana.

Rehearing Denied October 10, 1985.

Attorney(s) appearing for the Case

Phillip Wittmann, Douglas Dodd, Jo Strickler, Stone, Pigman, Walther, Wittmann & Hutchinson, New Orleans, for defendant-applicant.

John Baus, Jones, Walker, Waechter, Poitevent, Carrere & Denegre, Perry Staub, Monroe & Lemann, Matthew Greenbaum, New Orleans for respondents.

MARCUS, Justice.

This action was filed by William L. Quealy against Paine, Webber, Jackson & Curtis, Inc. (Paine Webber) and New England Gas and Electric Association (NEGEA) for the unauthorized sale of 1,500 shares of NEGEA stock owned by Quealy. Also named defendant was Donald S. Castrone, who bought the shares from an imposter and presented them for re-sale to Paine Webber.1 Paine Webber filed a third-party demand against William...

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