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SKINNER v. STEELE

730 S.W.2d 335 (1987)

James B. SKINNER and Margaret P. Skinner, Plaintiffs-Appellants, v. J. Phillip STEELE, John G. Powell, Wiley H. Maiden and Morgan Keegan & Co., Inc., Defendants-Appellees.

Court of Appeals of Tennessee, Western Section, at Jackson.

Permission to Appeal Denied May 11, 1987.

Attorney(s) appearing for the Case

Max Shelton and William W. Dunlap, Jr., Memphis, for plaintiffs-appellants.

W.J. Michael Cody, Atty. Gen., Douglas Berry, Deputy Atty. Gen., Steven A. Hart, Asst. Atty. Gen., Nashville, amicus curiae for plaintiffs-appellants.

Carl H. Langschmidt, Jr., Memphis, for defendants-appellees.

Permission to Appeal Denied by Supreme Court May 11, 1987.

HIGHERS, Judge.

This is an interlocutory appeal in a suit for damages arising out of the plaintiffs' purchase of a single premium deferred annuity certificate (SPDA) from the defendants in August 1982. The plaintiffs have alleged that they purchased the SPDA in reliance upon the representations of the defendants, at a cost of $170,000. The annuity was issued by National Investors Life Insurance Company...

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