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RAUSCHER PIERCE REFSNES, INC. v. KOENIG

No. 13-89-450-CV.

794 S.W.2d 514 (1990)

RAUSCHER PIERCE REFSNES, INC., Appellant, v. Lindsey A. KOENIG, Appellee.

Court of Appeals of Texas, Corpus Christi.

Rehearing Overruled August 31, 1990.

Attorney(s) appearing for the Case

L. Nelson Hall, William R. Kendall, Jr., Kleberg & Head, Corpus Christi, for appellant.

William J. Kolb, Corpus Christi, for appellee.

Before NYE, C.J., and BENAVIDES, and DORSEY, JJ.

OPINION

NYE, Chief Justice.

This is a suit for breach of contract brought by a securities firm against an alleged client. Appellant, Rauscher Pierce Refsnes, Inc., and appellee, Lindsey A. Koenig allegedly agreed that Rauscher Pierce would purchase 25,000 shares of stock for Koenig. After Rauscher Pierce purchased the stock, Koenig refused to pay the $111,427.18 purchase price. Rauscher Pierce liquidated the stock, suffering a $39,381.40 loss. Rauscher Pierce...

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