Minor v. E. F. Hutton & Co.

Cooper, Judge.

On October 19, 1987, sometimes referred to as “Black Monday,” appellant, a physician and an experienced stock market trader, suffered a series of losses in the commodities market which resulted in a deficit in his account with appellee. After appellant refused to pay the account balance, appellee filed suit against appellant seeking to recover the account deficit of $13,334. Appellant counterclaimed for losses in the stock market allegedly incurred as a result of appellee’s misrepresentations and breach of fiduciary duty. Appellee moved for summary judgment on the complaint and…