Legal Opinion
Granbery, Marache & Co. v. E. L. Bruce Co.
New York Supreme Court
Decided June 10, 1969Published
1Opinion of the CourtArnold L. Fein, J.
Plaintiff stockbroker sues to recover damages sustained as a result of the failure and refusal of Coraloc Industries, Inc. (Coraloc) to accept and pay for 3,500 shares of E. L. Bruce Co. (Incorporated) (Bruce) stock purchased by plaintiff, as a broker, at a price range of $19 to $19% per share on the morning of June 12, 1962, pursuant to instructions allegedly given by Edward M. Gilbert (Gilbert), over the telephone, to plaintiff’s customers’ man, Geist Ely (Ely), at approximately 9:45 a.m. that day to make such purchase for the account of Coraloc.
Coraloc’s defenses are that: (1) Gilbert was…
2Cases cited10 opinions
- Colonial Realty Corporation v. Bache & Co.Court of Appeals for the Second Circuit · 1966
- Donald W. Buttrey, Trustee in Bankruptcy for Dobich Securities Corporation v. Merrill Lynch, Pierce, Fenner & Smith, Inc.Court of Appeals for the Seventh Circuit · 1969
- Moscarelli v. StammDistrict Court, E.D. New York · 1968
- Wen Kroy Realty Co. v. Public National Bank & Trust Co.New York Court of Appeals · 1932
- Remar v. Clayton Securities CorporationDistrict Court, D. Massachusetts · 1949
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