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MELGARD v. HANNA

No. A7702-02840; CA 14713.

607 P.2d 795 (1980)

45 Or.App. 133

Mark A. MELGARD, Appellant, v. Joseph J. HANNA, Jr., and Donald Hanna, Respondents.

Court of Appeals of Oregon.

Decided March 10, 1980.

Attorney(s) appearing for the Case

J. Michael Alexander, Salem, argued the cause for appellant. With him on the brief was Brown, Burt & Swanson, P.C., Salem.

Ridgway K. Foley, Portland, argued the cause for respondent Joseph J. Hanna, Jr. With him on the brief were Wayne A. Williamson, Steven H. Pratt, and Souther, Spaulding, Kinsey, Williamson & Schwabe, Portland.

John Holmes, Portland, argued the cause for respondent Donald Hanna. With him on the brief was Jensen, DeFrancq, Holmes & Schulte, Portland.

Before JOSEPH, P.J., RICHARDSON, J., and SCHWAB, C.J.

JOSEPH, Presiding Judge.

In February, 1977, plaintiff brought this action for malpractice against an attorney and a real estate broker on whose advice he had invested $1.2 million in real estate during the period from 1968 to 1970. Plaintiff alleged that defendants negligently acquired and managed several apartment buildings on his behalf, with the result that he lost $600,000 on his investments. Contending that the statutory period of limitations expired prior to...

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