This action arises out of defendants' March 1987 purchase of $202,550 worth of allegedly unsound and speculative utility company stocks on behalf of William Backer (hereinafter decedent). Decedent died in June 1991 and his sons, the executors of his estate, were substituted as plaintiffs. The complaint alleges that defendants' actions in recommending and causing decedent to authorize the imprudent investments constituted a breach of fiduciary...
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