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TWISS v. KURY

No. 92-2475.

25 F.3d 1551 (1994)

Dorothy G. TWISS and Armin R. Twiss, Plaintiffs-Appellants, v. David J. KURY, Kury Financial Planning Group, Inc., Associated Planners Securities Group, American Capital Equities Corp., Robert E. Hillard, Prudential-Bache Securities Corp., Defendants, Shearson Lehman Hutton, Inc., Defendant-Appellee. Martha P. SANDERS, Plaintiff-Appellant, v. David J. KURY, Kury Financial Planning Group, Inc., Associated Planners Securities Group, American Capital Equities Corp., Robert E. Hillard, Prudential-Bache Securities Corp., Defendants. Shearson Lehman Hutton, Inc., Defendant-Appellee. James R. ADDONIZIO, Plaintiff-Appellant, v. David J. KURY, Kury Financial Planning Group, Inc., Associated Planners Securities Group, American Capital Equities Corp., Robert E. Hillard, Prudential-Bache Securities Corp., Defendants. Shearson Lehman Hutton, Inc., Defendant-Appellee. Jeffrey B. MILLER, Plaintiff-Appellant, v. David J. KURY, Kury Financial Planning Group, Inc., Associated Planners Securities Group, American Capital Equities Corp., Robert E. Hillard, Prudential-Bache Securities Corp., Defendants, Shearson Lehman Hutton, Inc., Defendant-Appellee. J. Letcher LAMKIN, Plaintiff-Appellant, v. David J. KURY, Kury Financial Planning Group, Inc., Associated Planners Securities Group, American Capital Equities Corp., Robert E. Hillard, Prudential-Bache Securities Corp., Defendants. Shearson Lehman Hutton, Inc., Defendant-Appellee. David O. STEFL and Patricia A. Stefl, Plaintiffs-Appellants, v. David J. KURY, Kury Financial Planning Group, Inc., Associated Planners Securities Group, American Capital Equities Corp., Robert E. Hillard, Prudential-Bache Securities Corp., Defendants. Shearson Lehman Hutton, Inc., Defendant-Appellee. Mary M. Warner, Plaintiff.

United States Court of Appeals, Eleventh Circuit.

July 20, 1994.

Attorney(s) appearing for the Case

H. Michael Madsen, John G. Crabtree, Tallahassee, FL, for appellant.

Nicholas V. Pulignano, Jr., Jacksonville, FL, for appellee.

Before COX, Circuit Judge, JOHNSON, Senior Circuit Judge, and PAINE, Senior District Judge.

PAINE, Senior District Judge:

Dorothy G. Twiss, Armin R. Twiss, Martha P. Sanders, James R. Addonizio, Jeffrey B. Miller, J. Letcher Lamkin, David O. Stefl, and Patricia A. Stefl (collectively the "Investors") appeal from summary final judgments entered in this consolidated action in favor of Shearson Lehman Hutton, Inc. ("Hutton"), a securities brokerage firm. Because the district court erroneously held that, as a matter of law, Hutton owed no duty under Florida...

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