Saul Stone & Co. v. Browning

MEMORANDUM OPINION AND ORDER

PARSONS, District Judge.

In late 1983, John Blum filed a complaint in the State of Washington against Saul Stone & Company, a brokerage house, and Bonnie Frost, one of its agents, alleging that Frost solicited from the plaintiff, through the plaintiff’s agent, the sum of $80,000 to be invested in the commodities market for the benefit of the plaintiff. Thereafter, Frost represented that the investment was showing considerable earnings and that the earnings had increased the plaintiff’s investment to over $350,000. At that point Blum allegedly directed Stone & Co.,…