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REGENCY FINANCIAL CORP. v. KIDDER, PEABODY CO., INC.

No. B14-92-01091-CV.

879 S.W.2d 178 (1994)

REGENCY FINANCIAL CORPORATION and Westlake Development, Appellants, v. KIDDER, PEABODY & CO., INC., Appellee.

Court of Appeals of Texas, Houston (14th Dist.).

Rehearing Denied June 23, 1994.

Attorney(s) appearing for the Case

James A. Dunn, Houston, for appellants.

Karl S. Stern, David Lee Crawford, Douglas M. Selwyn, James E. Bradley, Houston, for appellee.

Before MURPHY, SEARS and DRAUGHN, JJ.

OPINION

DRAUGHN, Justice.

Regency Financial Corporation and Westlake Development appeal from the trial court's order granting summary judgment in favor of appellee, Kidder, Peabody & Co., Inc. Appellants raise five points of error. Because we find that Kidder Peabody failed to meet its summary judgment burden of proof, we reverse the judgment of the trial court.

This dispute arises from Kidder Peabody's disbursement of funds from an account to...

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