Frier v. J. W. Sales Corp.

The action is in equity for an accounting and the amount found due thereon from both defendants for alleged breaches of duty relating to a deposit of $3,500 made by plaintiffs under a written contract between them as copartners under the name of Hudson Syndicate, and the corporate defendant J. W. Sales Corporation, formerly J. Arthur Warner & Co., Inc. Under the terms of the contract which is annexed to the complaint the corporate defendant as agent, depositary and fiduciary was to establish a stock trading account with funds deposited with it by plaintiffs, to buy and sell in said…