Eaton v. Coal Par of West Virginia, Inc.

ORDER

GONZALEZ, District Judge.

I. Background

In February 1981, plaintiff Richard Eaton viewed defendant Dale Jackson discussing financial investments on a television program. Eager to establish an immediate cash flow to satisfy his alimony payments, Mr. Eaton paid Mr. Jackson a visit in the brokerage office of the latter’s employer, First Florida Securities, Inc. (“FFS”). Attracted by alleged promises that his investment would return $40,000 per month, on March 13, 1981 Mr. Eaton purchased eight promissory notes totaling $200,000 issued by defendant Coal Par of West Virginia, Inc. (“Coal Par”).…