Davis v. Hosaka Nagel & Co. CA4/1
Jaimie Davis (Davis) sued her tax advisors Roy Hosaka (Hosaka) and Hosaka Nagel & Company (Hosaka Nagel) (collectively, Respondents) for fraudulent concealment and breach of fiduciary duty after she suffered investment losses. Davis alleged Respondents fraudulently induced her to purchase high-risk investments and failed to disclose material information about their relationship with the individuals and companies selling the investments. A jury returned a verdict in favor of Respondents on both causes of action. After denying Davis’s motion for a new trial, the trial court entered judgment on the verdict.
Davis appeals from the judgment. She contends the trial court erred by excluding evidence related to a separate Securities and Exchange Commission (SEC) enforcement action against one of the companies with which Davis invested, the jury’s verdict is not supported by the evidence, and the court erred by denying her motion for a new trial. We conclude Davis has not met her burden to
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