Sullivan v. Bennett

Plaintiff had judgment, after special verdict of a jury under Court Rule No. 37, § 7 (1931), for damages for failure of defendants, stockbrokers, to sell his stock at once on his orders given October 14, and 17, 1929.

Plaintiff had purchased various stocks through defendants, certain of which were held by the latter on margin account. Plaintiff testified that on October 14th he was in defendants’ office, defendant Charles L. Smith told him his account would soon need more margin, he ordered all his stock sold and the account closed, Smith tried to dissuade him, but he insisted on sale, and…