Paul S. Webster v. Edward D. Jones & Co., L.P., Cross-Appellee

OPINION

BOYCE F. MARTIN, JR., Chief Judge.

Edward D. Jones & Company, L.P. appeals the district court’s denial of its Rule 50 motions and motion for a new trial in Webster’s breach of contract action arising from Jones & Co.’s failure to sell certain shares of stock.

I

In 1991, Paul S. Webster owned about six million shares of stock in a company-named Comparator. The stock was restricted and bore a restriction legend, the reason for which is unnecessary for this decision. Periodically, however, Comparator issued an opinion letter which allowed Webster to sell some of his stock through a broker…