ALL POINTS TRADERS, INC. v. BARRINGTON ASSOCIATES

Docket Nos. B032751, B034590.

211 Cal.App.3d 723 (1989)

259 Cal. Rptr. 780

ALL POINTS TRADERS, INC., Plaintiff and Appellant, v. BARRINGTON ASSOCIATES, Defendant and Respondent.

Court of Appeals of California, Second District, Division Three.

June 21, 1989.


Attorney(s) appearing for the Case

COUNSEL

Nagler & Schneider and Marc E. Rohatiner for Plaintiff and Appellant.

McCambridge, Deixler & Marmaro, Bert H. Deixler and Shinaan S. Krakowsky for Defendant and Respondent.

John K. Van de Kamp, Attorney General, Arthur C. de Goede, Assistant Attorney General, William M. Pfeiffer and Steven A. Sokol as Amici Curiae, upon the request of the Court of Appeal.


OPINION

ARABIAN, J.

INTRODUCTION

This appeal raises the issue of whether an investment banking firm which specializes in mergers and acquisitions must possess a real estate broker's license when negotiating the sale of a business opportunity offered by a corporation seeking to transfer all of its stock to a prospective buyer. We hold that they must so possess.

FACTUAL AND PROCEDURAL BACKGROUND

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