Legal Opinion
Marti Pogue v. Retail Credit Company, Marti Pogue v. George Hammerly, T/a Garrett Insurance Agency, A/K/A George P. Hammerly Associates
Court of Appeals for the Fourth Circuit
Decided January 19, 1972No. 71-1270, 71-1271PublishedCited by 15 opinions
1Per curiam
In 1967 Miss Pogue, of Miami, Florida, read an advertisement placed by the Walker & Townsend Co. of New York. The advertisement stated that Walker & Townsend would make loans, with securities as collateral, up to ninety per cent of the value of the securities. By comparison, bank loans to finance stock purchases were then restricted to twenty per cent of the value of the securities due to margin requirements. Miss Pogue, an experienced businesswoman who had dealt extensively in the stock market, regarded this offer as an opportunity to pyramid her stock holdings. By borrowing against stock…
2Cases cited5 opinions
- Brady v. Southern Railway Co.Supreme Court of the United States · 1944
- Carva Food Corporation v. DawleySupreme Court of Virginia · 1961
- Cover v. CritcherSupreme Court of Virginia · 1925
- Travelers Insurance Company v. TurnerSupreme Court of Virginia · 1971
- Pinehurst, Inc., Pinehurst Driving & Training Club, Inc., and John Edmunds, D/B/A Edmunds Stable v. Sheila SchlamowitzCourt of Appeals for the Fourth Circuit · 1965
3Cited by15 opinions
- James M. Proctor v. Colonial Refrigerated Transportation, Inc.Court of Appeals for the Fourth Circuit · 1974
- Serio-US Industries, Inc. v. Plastic Recovery Technologies Corp.Court of Appeals for the Federal Circuit · 2006
- Kim v. Coppin State CollegeCourt of Appeals for the Fourth Circuit · 1981
- Kollsman, A Division of Sequa Corp. v. CohenCourt of Appeals for the Fourth Circuit · 1993
- Call Carl, Inc. v. BP Oil CorporationDistrict Court, D. Maryland · 1975
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