LUTHERNA BROTH. v. Kidder Peabody & Co., Inc.

OPINION

CORNELIUS, Chief Justice.

Lutheran Brotherhood and others, plaintiffs below, appeal from a take-nothing summary judgment in their suit against Kidder Peabody & Company, defendant below. The suit was based on allegations that Kidder sold worthless bonds to plaintiffs by negligently and deliberately making misrepresentations of material facts. Because we find that the summary judgment evidence raises genuine fact questions on the issues of misrepresentations, knowledge, and reliance, we reverse the summary judgment and remand the cause for trial.

THE ISSUES

Although the defendant raises…