Feb. 14, 1991. Granted in Part April 11, 1991. Counsel for the Estate of Michael B. Palmer filed a motion for summary judgment to dismiss the claims against Palmer based on Louisiana Security laws. The trial judge took Palmer's motion under advisement on January 3, 1990. Moreover, the security law claims against Palmer, which were dismissed, were also predicated on similar allegations and arguments as the security law claims against the banks.
All costs are to be borne by appellants.
Although I agree with the majority holding that the plaintiffs have not stated a cause of action under the Securities Act and under the Unfair Trade Practices Act, I disagree as to the alleged negligence claim of the plaintiffs. Therefore, I respectfully dissent, and would remand the case for further proceedings.