Dillon v. Lintz

POPE, Justice.

The question presented is whether the cause of action was barred by the three-year statute of limitations contained in article 581-33 C, the Securities Act. 1 Melvin Lintz instituted this suit against Eastman Dillon, Únion Securities & Co., and Sam Dodd seeking a rescission of a contract for the sale of Omnitec securities. Trial to the court resulted in a judgment that Lintz take nothing. The court of civil appeals, by a divided court, reversed and rendered judgment for Lintz. 568 S.W.2d 147. We reverse the judgment of the court of civil appeals and affirm the judgment of the…