Thompson v. Price
California Court of Appeal
1Opinion of the Court
BROWN (Gerald), P. J.
Facts
Before retiring from the Coca Cola Company in 1954, Thomas Carl Thompson (Thompson) discussed with James F. Price (Price), an attorney-at-law and supposed friend, the advisability of post-retirement financial investment. Thompson had invested in and become a director of Acme Sash Balance Company, a firm then owned substantially by Mrs. James (Alice) Price. While the Thompson and Price families were close, Alice Price and Thompson were closer, their conduct occasionally embarrassing others.
Relying on Price’s advice, Thompson joined the Prices in forming J-A-C…
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