Reinhart v. Rauscher Pierce Securities Corp.

OPINION

SUTIN, Judge.

Defendants were granted summary judgment. Plaintiffs appeal.

We reverse.

Plaintiffs sued defendants for damages for, breach of an oral contract relating to a “stopped stock” loss on three unlisted stocks, or, in the alternative,. damages for defendants’ negligence in failing to sell the stock or advise plaintiffs when the shares dropped below the agreed amount.

Defendants filed a motion to dismiss, or, in the alternative, for summary judgment on various grounds. Based upon pleadings, depositions and affidavits, the trial court granted defendants summary judgment and dismissed…