GROGAN v. GARNER

No. 85-2098.

806 F.2d 829 (1986)

Coy R. GROGAN and John Henson, Appellees, v. Frank J. GARNER, Jr., Appellant.

United States Court of Appeals, Eighth Circuit.

Decided December 8, 1986.

Rehearing Denied January 20, 1987.


Attorney(s) appearing for the Case

Arthur H. Stoup, Kansas City, Mo., for appellant.

Thomas M. Franklin, Kansas City, Mo., for appellees.

Before LAY, Chief Judge, ARNOLD, Circuit Judge, and STROM, District Judge.


LAY, Chief Judge.

Coy R. Grogan and John H. Henson brought this diversity action against Frank J. Garner, Jr., alleging that Garner committed common law fraud, breached his fiduciary duties, and violated § 10(b) of the Securities Exchange Act of 1934. The suit arises from the sale by Garner of stock in STI-Kansas to North American Car Corporation (NACC). A jury returned a verdict for Grogan and Henson and awarded $249,000 actual damages on each of three counts...

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