Frain v. Andy Frain, Inc.

MEMORANDUM

LEIGHTON, Senior District Judge.

This family dispute centers around defendants’ alleged failure to disclose certain information connected with the defendant companies’ purchase of plaintiff’s stock in them. The case was tried to a jury under three theories of liability: (1) violation of federal securities laws; (2) common law fraud; and (3) breach of fiduciary duty. On October 17,1986, after a two-week trial, the jury returned verdicts for defendants on the federal securities law and common law fraud claims, but against defendants and in favor of plaintiff on the breach of fiduciary…