Neidiger/Tucker/Bruner, Inc. v. Suntrust Bank
Court of Appeals of Georgia
1Opinion of the Court
Ellington, Judge.
In this action, Neidiger/Tucker/Bruner, Inc. (“NTB”), a broker-dealer, sought damages from SunTrust Bank, as transfer agent for Allegiant Physicians Services, Inc., in connection with the sale of certain shares of Allegiant stock pledged by two customers of NTB as collateral for margin trading accounts. The trial court dismissed NTB’s complaint against SunTrust for failure to state a claim. NTB appeals and contends that the trial court erred in concluding that SunTrust owed no common law or statutory duty to NTB. We agree and reverse.
A motion to dismiss for failure to state a…
2Cases cited5 opinions
- Robert & Company Associates v. Rhodes-Haverty PartnershipSupreme Court of Georgia · 1983
- Anderson v. FlakeSupreme Court of Georgia · 1997
- Badische Corp. v. CaylorSupreme Court of Georgia · 1987
- Andemeskel v. Waffle House, Inc.Court of Appeals of Georgia · 1997
- Dean Witter Reynolds, Inc. v. Selectronics, Inc.Appellate Division of the Supreme Court of the State of New York · 1993
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