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RITCH v. ROBINSON-HUMPHREY CO.

No. 97-6576.

142 F.3d 1391 (1998)

Ernest Ray RITCH, Mary J. Ritch, Plaintiffs-Appellants, v. The ROBINSON-HUMPHREY CO., Defendant-Appellee.

United States Court of Appeals, Eleventh Circuit.

June 10, 1998.

Attorney(s) appearing for the Case

Robert B. Eubank, Birmingham, AL, for Plaintiffs-Appellants.

Luther Dorr, Jr., A. Inge Selden, III, Amynard, Cooper & Gale, Birmingham, AL, Harvey B. Morris, Morris Cloud, Huntsville, AL, for Defendant-Appellee.

Before CARNES, Circuit Judge, KRAVITCH, Senior Circuit Judge, and MILLS, Senior District Judge.

MILLS, Senior District Judge:

I. Background

In 1989, Ernest Ray Ritch and Mary J. Ritch — a retired couple in their 70s — opened an account with broker Steuart Evans at The Robinson-Humphrey Company, Inc. ("Robinson-Humphrey") in Huntsville, Alabama, on the recommendation of their son, Joe Ritch. After opening the account with Robinson-Humphrey, Ray Ritch purchased Comptronix stock (the stock at issue here) on two occasions. Ray Ritch had bought...

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