Cowen and Co. v. Atlas Stock Transfer Co.

HALL, Chief Justice:

Defendants appeal a summary judgment in favor of plaintiff. The district court granted the summary judgment on the issue of defendants’ joint and several liability to plaintiff for breach of Atlas Stock Transfer Company’s (Atlas) duty to transfer shares of Global Oil Company’s (Global) stock in a timely manner under U.C.A., 1953, § 70A-8-401. Defendants also appeal a judgment awarding damages to Cowen and Company (Cowen). We affirm.

Plaintiff Cowen is a partnership organized under the laws of New York State. Its business is buying and selling securities. Cowen is a member…