SMITH v. DUFF AND PHELPS, INC.

88-223-CER.

548 So.2d 146 (1989)

Vera SMITH, as executrix of the Estate of Robert J. Smith, deceased v. DUFF AND PHELPS, INC., a corporation, and Claire V. Hansen.

Supreme Court of Alabama.

June 30, 1989.


Attorney(s) appearing for the Case

Richard Gill, Jr. of Copeland, Franco, Screws & Gill, Montgomery, and Edward C. Fitzpatrick of Lord, Bissell & Brook, Chicago, Ill., for appellant.

Griffin Sikes, Jr. and Frank M. Wilson, Montgomery, for appellees.


PER CURIAM.

Pursuant to Rule 18, A.R.App.P., this Court accepted the United States District Court's certification of the following question:

"Pursuant to State of Alabama securities law, where a stockholder-employee of a corporation has, by contract, a duty to sell his stock in the corporation at the time of termination of his employment for a pre-established book value, does the corporation have a duty upon purchase of the stock to inform him of facts which...

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