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

No. 13-85-302-CV.

708 S.W.2d 865 (1986)

E.F. HUTTON & COMPANY, INC., Appellant, v. John D. YOUNGBLOOD and Wife, Merle Youngblood, Appellees.

Court of Appeals of Texas, Corpus Christi.

Rehearing Denied May 1, 1986.

Attorney(s) appearing for the Case

Bruce Goldston, San Antonio, for appellant.

Sam C. Bashara, San Antonio, for appellees.

Before NYE, C.J., and DORSEY and BENAVIDES, JJ.

OPINION

DORSEY, Justice.

This is an appeal from a judgment for damages and penalties in a suit against E.F. Hutton & Co., Inc. by John D. Youngblood and his wife for damages they sustained as a result of incorrect tax and investment advice. The controlling issue presented is whether a brokerage firm may be held liable under the Deceptive Trade Practices Act (DTPA)1 for erroneous tax and investment advice when it is coupled...

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