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JOACHIM v. MAGIDS

No. 01-86-0877-CV.

737 S.W.2d 852 (1987)

Silvan JOACHIM, et al., Appellants, v. Samuel B. MAGIDS, Appellee.

Court of Appeals of Texas, Houston (1st Dist.).

Rehearing Denied October 8, 1987.

Attorney(s) appearing for the Case

Van E. McFarland, James D. Pierce, Houston, for appellants.

John D. Ellis, Jr., Houston, for appellee.

Before EVANS, C.J., and SAM BASS and HOYT, JJ.

EVANS, Chief Justice.

This is an appeal from a take-nothing judgment. Appellants sued to recover damages for alleged violations of federal and state securities statutes in the sale of unregistered stock in their family-owned business.

In 1979, the appellant Silvan Joachim, as president of Buffalo Bag Company, entered into an agreement to purchase his brother Mortimer's stock ownership in their company. The agreed...

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