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SCHAFFER v. EDWARD D. JONES & CO.

Nos. 18085, 18100.

521 N.W.2d 921 (1994)

Edward SCHAFFER, Jack Ehrich and June Ehrich, Plaintiffs and Appellees, v. EDWARD D. JONES & CO., Defendant and Appellant, and Bill Edwards and Marv Tebben, Defendants.

Supreme Court of South Dakota.

Decided September 14, 1994.

Attorney(s) appearing for the Case

Michael J. Schaffer and Timothy M. Gebhart of Davenport, Evans, Hurwitz & Smith, Sioux Falls, for plaintiffs and appellees.

Robert D. Hofer of Riter, Mayer, Hofer, Wattier & Brown, Pierre, and Bruce C. Oetter and Helen Paulin Gab, St. Louis, MO, for defendants and appellants.

AMUNDSON, Justice.

Edward D. Jones & Co. appeals a judgment entered by the trial court after a jury verdict for Edward G. Schaffer, Jack Ehrich and his wife, June Ehrich, on claims of fraud, deceit, and misrepresentation. We affirm in part, reverse in part and remand.

FACTS

Jones is a large brokerage firm headquartered in St. Louis, Missouri, with numerous branch offices throughout the nation, including many in South Dakota. In 1980, Jack and...

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