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

No. 614A84.

333 S.E.2d 236 (1985)

314 N.C. 267

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

Supreme Court of North Carolina.

August 13, 1985.


Attorney(s) appearing for the Case

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

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

Thad Eure, Secretary of State, amicus curiae by Eugene J. Cella, Staff Atty.


MITCHELL, Justice.

The primary issue presented is whether the doctrine of in pari delicto provides a defense to claims under state law when defendant stockbrokers induce plaintiffs to buy securities by representing that they have "inside information" which will result in those securities increasing in value. We conclude that the mere fact that the plaintiffs in such cases have attempted to act upon inside information unlawfully does not cause the doctrine of...

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