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NEWITT v. FIRST UNION NAT. BANK

No. A04A1156.

607 S.E.2d 188 (2004)

270 Ga. App. 538

NEWITT et al. v. FIRST UNION NATIONAL BANK et al.

Court of Appeals of Georgia.

November 19, 2004.

Attorney(s) appearing for the Case

Steven Hardy, William Friend, Friend, Hudalk & Harris, LLP, Atlanta, for Appellant.

Gerald Davidson, Jr., Davidson & Tucker, LLP, Duluth, Stephen Riddell, Troutman, Sanders, Lockerman & Ashmore, Lynette Smith, Troutman Sanders LLP, Atlanta, for Appellee.

SMITH, Chief Judge.

Ronald Newitt and Ross Robertson, two self-described "unsophisticated investors,"1 filed suit against First Union National Bank and other defendants. Their multi-count complaint included claims for purported violations of federal and state securities laws, breach of fiduciary duty, negligent misrepresentation, and negligence. The essence of their lawsuit was that First Union provided inappropriate investment advice...

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