Legal Opinion
Agra, Gill & Duffus, Inc. v. Benson
Court of Appeals for the Fourth Circuit
Decided December 7, 1990No. 89-2779PublishedCited by 13 opinions
1Opinion of the Court
BUTZNER, Senior Circuit Judge:
The principal issue in this appeal is whether the customer or the broker should bear the loss resulting from the liquidation of a futures trading account. The customer concededly breached his contract with the broker and failed to meet margin calls. The broker did not follow the customer’s orders to liquidate immediately. The jury returned a special verdict in favor of the customer by finding that the broker failed to conduct a commercially reasonable liquidation. After the district court entered judgment on the verdict, it granted judgment n.o.v. for the broker,…
2Cases cited11 opinions
- Merrill Lynch, Pierce, Fenner & Smith, Inc. v. CurranSupreme Court of the United States · 1982
- Ernest J. Saviano and Margaret Saviano v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1985
- Galigher v. JonesSupreme Court of the United States · 1889
- Air Et Chaleur, S.A., Pierre Berger, Daniel Cauchie, Jacques W. Van De Velde v. Eliot JanewayCourt of Appeals for the Second Circuit · 1985
- National Wildlife Federation v. HansonCourt of Appeals for the Fourth Circuit · 1988
6 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- United States v. Lavabit, LLC.Court of Appeals for the Fourth Circuit · 2014
- Sony Music Entertainment v. Cox Communications, IncorporatedCourt of Appeals for the Fourth Circuit · 2024
- R. Gerald Butler v. Winner International CorporationCourt of Appeals for the Fourth Circuit · 1995
- United States v. Banisadr Building Joint VentureCourt of Appeals for the Fourth Circuit · 1995
- Geldermann, Inc. v. Financial Management Consultants, Inc.District Court, N.D. Illinois · 1992
8 more not listed; retrieve them via the Exa API.