ARST v. STIFEL, NICOLAUS & CO., INC.

No. 93-1299-JTM.

954 F.Supp. 1483 (1997)

Rodger M. ARST, Plaintiff, v. STIFEL, NICOLAUS & COMPANY, INC.; and Odis E. Shoaf, Jr., Defendants.

United States District Court, D. Kansas.

January 17, 1997.


Attorney(s) appearing for the Case

Joe Rebein and Joseph G. Matye, of Shook, Hardy & Bacon, L.L.P., Kansas City, MO, Scott C. Nehrbass, of Shook, Hardy & Bacon, L.L.P., Overland Park, KS, for Plaintiff.

Reggie C. Giffin, of Morrison & Hecker, L.L.P., Kansas City, MO, John C. Nettels, Jr., of Morrison & Hecker, L.L.P., Wichita, KS, James A. Walker, of Triplett, Woolf & Garretson, L.L.P., Wichita, KS, for Defendants.


MEMORANDUM AND ORDER

MARTEN, District Judge.

The present litigation arises from plaintiff Roger Arst's sale of a substantial number of Physician Corporation of America stock shares in 1992. PCA was then a private corporation, and the sale was accomplished through the brokerage firm of Stifel, Nicolaus & Co. and its officer, Odis Shoaf. Shoaf found independent buyers for some of Arst's stock, but without telling Arst, he also purchased a large...

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