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

No. 72361.

537 So.2d 978 (1989)

E.F. HUTTON & COMPANY, INC., et al., Defendants/Appellants, v. Christ M. ROUSSEFF, et al., Plaintiffs/Appellees.

Supreme Court of Florida.

Rehearing Denied February 27, 1989.

Attorney(s) appearing for the Case

C. Timothy Corcoran, III of Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., Tampa, and William G. Campbell, Jo Lanier Meeks, Joseph A. Ingrisano and G. Wayne Hillis, Jr. of Kutak, Rock & Campbell, Atlanta, Ga., for defendants/appellants.

Martin T. Fletcher, Sr., Scott T. Niemann and Anne Carney of Rothberg, Gallmeyer, Fruechtenicht & Logan, Fort Wayne, Ind., for plaintiffs/appellees.

Charles L. Stutts, Gen. Counsel and R. Michael Underwood, Deputy Gen. Counsel, Florida Dept. of Banking and Finance, Tallahassee, amicus curiae, for State of Fla., ex rel. Gerald Lewis, Comptroller of Florida.

SHAW, Justice.

This case is before us on the following question of Florida law certified by the United States Court of Appeals, Eleventh Circuit:

In an action under the Florida Securities and Investor Protection Act, Fla. Stat. §§ 517.301, 517.211, is the claimant required to prove that his loss was proximately caused by the defendant's fraud?

Rousseff v. E.F. Hutton Co., 843 F.2d 1324, 1326 (11th...

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