STIFEL, NICOLAUS & CO. v. FRANCIS

No. WD 47700.

872 S.W.2d 484 (1994)

STIFEL, NICOLAUS AND COMPANY, INC., Respondent, v. Donald B. FRANCIS, Appellant.

Missouri Court of Appeals, Western District.

Motion for Rehearing and/or Transfer Denied March 1, 1994.

Application to Transfer Denied April 26, 1994.


Attorney(s) appearing for the Case

C. Ronald Baird, Springfield, for appellant.

Thomas E. Douglass, St. Louis, for respondent.

Before KENNEDY, P.J., and ULRICH and SPINDEN, JJ.


Motion for Rehearing and/or Transfer to Supreme Court Denied March 1, 1994.

SPINDEN, Judge.

This appeal involves a longstanding dispute between Stifel, Nicolaus and Company, a stock brokerage firm, and Donald B. Francis, trustee of the Letty J. Francis Trust, involving 3000 shares of PHP HealthCare Corporation stock. The stock was part of an account maintained by Stifel for the trust. Stifel sold the stock and kept the proceeds to satisfy the trust's debt...

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