EF Hutton & Co., Inc. v. Youngblood

OPINION ON MOTION FOR REHEARING

We grant in part the Youngbloods’ motion for rehearing, withdraw our opinion and judgment delivered June 24, 1987, and substitute the following:

John D. Youngblood and his wife, after receiving erroneous tax and investment advice, sued E.F. Hutton & Company, Inc., under the Texas Securities Act (TSA), Tex. Rev.Civ.Stat.Ann. art. 581-1 et seq. (1987), the Deceptive Trade Practices Act (DTPA), Tex.Bus. & Comm.Code §§ 17.41 et seq. (Vernon Supp.1987), other statutes, and the common law. The trial court rendered judgment for the Youngbloods under the DTPA, and the…