Rosengard v. McDonald

PRESIDING JUSTICE LaPORTA

delivered the opinion of the court:

Plaintiff David Rosengard appeals from an adverse judgment in his common law negligence action against a broker-dealer who arranged his purchase of limited partnership stock, stock which later became worthless. The trial judge denied plaintiffs motion to file a third amended complaint against the broker-dealer, Ogilvie & Taylor Securities Corp., finding plaintiff failed to state a valid cause of action.

At issue here is whether the trial judge erred when he refused to permit plaintiff to file his third amended complaint because it…