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LUTHERNA BROTH. v. KIDDER PEABODY & CO., INC.

No. 6-91-091-CV.

829 S.W.2d 300 (1992)

LUTHERAN BROTHERHOOD, American General Life Insurance Company, the Variable Annuity Life Insurance Company, Signal Capital Corporation, Creditanstalt-Bankverein, Sprout Growth Limited, Sprout Growth, LP, and DLJ Venture Capital Fund II, LP, Appellants, v. KIDDER PEABODY & COMPANY, INC., Appellee.

Court of Appeals of Texas, Texarkana.

Rehearing Denied April 28, 1992.

Attorney(s) appearing for the Case

H. Lee Godfrey, Susman Godfrey, Houston, for appellants.

J. Eugene Clements, Porter & Clements, Houston, for appellee.

Before CORNELIUS, C.J., and BLEIL and GRANT, JJ.

OPINION

CORNELIUS, Chief Justice.

Lutheran Brotherhood and others, plaintiffs below, appeal from a take-nothing summary judgment in their suit against Kidder Peabody & Company, defendant below. The suit was based on allegations that Kidder sold worthless bonds to plaintiffs by negligently and deliberately making misrepresentations of material facts. Because we find that the summary judgment evidence raises genuine fact questions on the issues of misrepresentations...

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