Landerno v. First Security Corp.

JOHN A. PATIN, Judge Pro Tern.

Willard and Ezen Landerno brought action against First Security Corporation, Gale Monroe and Terry Vidrine to recover the purchase price of 5,000 shares of stock. Plaintiffs allege the stock sold to them and the salesman of the stock, were not registered with the Louisiana Securities Commission and that they were induced to buy the stock by misrepresentations of fact on the part of defendants.

After a bench trial judgment was rendered in favor of plaintiffs awarding the full purchase price of the stock, $12,500, plus attorney’s fees of $3,500, interest and costs.

De…