Legal Opinion
Dowd v. First Omaha Securities Corp.
Nebraska Supreme Court
Decided February 5, 1993No. S-90-093PublishedCited by 37 opinions
1Opinion of the CourtFahrnbruch, J.
Thomas F. Dowd and Barbara A. Dowd claim, inter alia, that the district court for Douglas County erred (1) in requiring them to submit to arbitration a dispute with their-stockbroker, First Omaha Securities (FOS), concerning the liquidation of the Dowds’ margin accounts and (2) in confirming the arbitration panel’s award in favor of FOS.
FACTS
Alleging wrongful liquidation of their margin accounts, the Dowds sued FOS for breach of their “customer agreement” with FOS, negligence, and breach of a fiduciary duty. The agreement, signed by the Dowds and FOS on May 25, 1982, provided that (1) FOS…
2Cases cited21 opinions
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- Prima Paint Corp. v. Flood & Conklin Mfg. Co.Supreme Court of the United States · 1967
- Dean Witter Reynolds Inc. v. ByrdSupreme Court of the United States · 1985
- Rodriguez De Quijas v. Shearson/American Express, Inc.Supreme Court of the United States · 1989
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3Cited by37 opinions
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- Howard v. City of LincolnNebraska Supreme Court · 1993
- VanDeWalle v. Albion National BankNebraska Supreme Court · 1993
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