Legal Opinion
Mical v. Glick
Court of Appeals for the Seventh Circuit
Decided October 28, 2014No. 14-1705PublishedCited by 14 opinions
1Opinion of the Court
ORDER
Stanley and Lutgarda Mical opened a securities account with E*Trade Securities in January 2008 and began trading on margin, borrowing money from E*Trade to purchase additional securities. By July 1 their portfolio was highly leveraged, so E*Trade issued a margin call requiring that the Micals deposit $35,000 to shore up their account. On July 7, the day the margin call was due, Stanley Mical spoke with Stuart Novoselsky, a customer service representative at E*Trade, about meeting the call. The Micals paid nothing after that conversation, and E*Trade liquidated the account.
Three years…
2Cases cited14 opinions
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- In the Matter of the Arbitration Between Tempo Shain Corporation Neptune Plus Corporation v. Bertek, Inc.Court of Appeals for the Second Circuit · 1997
- Hoteles Condado Beach, La Concha and Convention Center v. Union De Tronquistas Local 901Court of Appeals for the First Circuit · 1985
- Three S Delaware, Inc. v. DataQuick Information Systems, Inc.Court of Appeals for the Fourth Circuit · 2007
- Health Services Management Corp. v. Charles Hughes, D/B/A Charles Hughes & AssociatesCourt of Appeals for the Seventh Circuit · 1992
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3Cited by14 opinions
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- Aperion Care, Inc. v. Senwell Senior Investment AdvisorsDistrict Court, N.D. Illinois · 2023
- Bartlit Beck LLP v. OkadaDistrict Court, N.D. Illinois · 2021
- Friends for Health: Supporting The North Shore Health Center v. PayPal, Inc.District Court, N.D. Illinois · 2022
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