George Platsis George Platsis, P.C., Cross-Appellees v. E.F. Hutton & Co., Inc. Joseph Potvin, Cross-Appellants
Court of Appeals for the Sixth Circuit
1Opinion of the Court
JOHN W. PECK, Senior Circuit Judge.
George Platsis, P.C., a legal professional corporation of which George Platsis was the sole employee and sole shareholder, received a contingency fee of $500,000 in 1980. Platsis consulted defendant Joseph Potvin of E.F. Hutton seeking investments which would allow him to maximize the after-tax return on the award. With Pot-vin’s advice, Platsis invested $245,000 in oil and gas partnerships. These investments were made immediately before the worldwide drop in oil prices. Consequently, Plat-sis lost more than half of the funds invested. Platsis sued E.F.…
2Cases cited9 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Fed. Sec. L. Rep. P 97,956 David Broad v. Rockwell International CorporationCourt of Appeals for the Fifth Circuit · 1981
- United States Fidelity & Guaranty Co. v. BlackMichigan Supreme Court · 1981
- Robert L. Wright v. John Will Holbrook, Individually and in His Official Capacity as Mayor of the City of Morehead, KentuckyCourt of Appeals for the Sixth Circuit · 1986
- Dix v. American Bankers Life Assurance Co.Michigan Supreme Court · 1987
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