Rauscher Pierce Refsnes, Inc. v. Koenig

OPINION

NYE, Chief Justice.

This is a suit for breach of contract brought by a securities firm against an alleged client. Appellant, Rauscher Pierce Refsnes, Inc., and appellee, Lindsey A. Koenig allegedly agreed that Rauscher Pierce would purchase 25,000 shares of stock for Koenig. After Rauscher Pierce purchased the stock, Koenig refused to pay the $111,427.18 purchase price. Rauscher Pierce liquidated the stock, suffering a $39,381.40 loss. Rauscher Pierce sued Koenig to recover this amount. The jury found that Koenig breached his agreement with Rauscher Pierce and awarded it $39,-381.40 in…