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GUILFOYLE v. OLDE MONMOUTH STOCK TRANSFER

No. 60478.

335 P.3d 190 (2014)

Paul GUILFOYLE, an Individual; and Citypoint, LLC, a New York Limited Liability Company, Appellants, v. OLDE MONMOUTH STOCK TRANSFER COMPANY, CO., Inc., Respondent.

Supreme Court of Nevada.

October 2, 2014.

Attorney(s) appearing for the Case

Gordon Silver and Michael N. Feder and Joel Z. Schwarz , Las Vegas; Goodwin Procter, LLP, and Lloyd Winawer , Menlo Park, CA, for Appellants.

Lionel Sawyer & Collins and Charles H. McCrea, Jr. , and Ketan D. Bhirud , Las Vegas, for Respondent.

BEFORE THE COURT EN BANC.

OPINION

By the Court, PICKERING, J.:

We consider the liability of a stock transfer agent to a stockholder for giving an allegedly incomplete and misleading answer to a question about its requirements for removing a restrictive legend on his stock. Under NRS 104.8401 and NRS 104.8407 a transfer agent must, on proper request, register a transfer of securities without unreasonable delay. But these statutes do not support liability here because the stockholder...

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