Raymond Spector, Plaintiff-Appellee-Appellant v. Milton E. Mermelstein, Defendant-Appellant-Appellee

MANSFIELD, Circuit Judge:

In this nine-year old, factually complex diversity suit by Raymond Spector against his attorney Milton E. Mermelstein, charging the latter with negligence and breach of fiduciary duty in his representation of Spector in certain business tx'ansactions, Judge J. Edward Lumbard, sitting by designation without a jury in the Southern District of New York, awarded $250,000 damages to Spec-tor as compensation for loss suffered by him on two loans to the OCM Cox-poration (“OCM” herein). Upon this appeal Mermelstein contends that the loss was not caused by him but by Spector’s…