Burdick v. Horner Townsend & Kent, Inc.

Associate Chief Justice NEHRING, opinion of the Court:

INTRODUCTION

T1 Disappointed investors filed suit against their investment agent, Jeffrey Campbell, and his former employer, Hornor, Townsend & Kent, Inc. (HTK), alleging that Mr. Campbell and HTK were liable for losses sustained in an investment seam. Mr. Campbell pleaded guilty to the sale of unregistered securities related to the investment seam and was ordered to pay restitution. The district court granted summary judgment in favor of HTK on plaintiffs' claims of securities violations, negligent misrepresentation, and negligent training…