Fed. Sec. L. Rep. P 93,775 Leo P. McCurnin Jr. v. Kohlmeyer & Company and Jack D. Drake

Federal jurisdiction over this case initially was grounded upon a joinder of claims arising under the Commodities Exchange Act, the Securities Act of 1933 and the Securities Exchange Act of 1934 with a diversity claim arising under the Louisiana law of agency. The trial court below determined that none of the customer’s (Appellee) federal claims had merit, 1 but, it asserted pend ent jurisdiction over the state claim 2 and proceeded to find that the customer was entitled to recovery from the broker (Appellant) under prevailing Louisiana law. We affirm.

The dispute between the parties arose out…