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PIANTES v. HAYDEN-STONE, INC.

Nos. 13143, 13144.

514 P.2d 529 (1973)

30 Utah 2d 110

Gus T. PIANTES and Mary M. Piantes, his wife, Plaintiffs and Respondents, v. HAYDEN-STONE, INC., a Delaware corporation, and H-S Equities, Inc., a corporation, Defendants and Appellants. Alex N. MARKAKIS, Plaintiff and Respondent, v. HAYDEN-STONE, INCORPORATED, a Delaware corporation, Defendant and Appellant.

Supreme Court of Utah.

September 27, 1973.

Attorney(s) appearing for the Case

Arthur H. Nielsen, of Nielsen, Conder, Hansen & Henriod, Salt Lake City, for defendants and appellants.

Warren M. Weggeland, Salt Lake City, for plaintiffs-respondents.

ELLETT, Justice:

This is an action by plaintiffs to recover the consideration paid to Hayden-Stone, Inc., hereinafter called the defendant, for certain securities which defendant sold to them.1

The defendant as a broker-dealer is registered in some 41 states of the Union, although not in Utah. Its office is located in San Diego, California. It claims it did no business in Utah and that it is immune from suit here. It also contends...

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