Murphy v. Bishop
Appellate Division of the Supreme Court of the State of New York
Appeal by the plaintiff, Edgar Gibbs Murphy, from a judgment of the Supreme Court in favor of the defendants, entered in the office of the clerk of the county of New York on the 11th day. of January, 1915, upon the verdict of a jury rendered by direction of the court dismissing the complaint upon the merits and granting defendants’ judgment on.their counterclaim.
1Opinion of the Court
Laughlin, J.:
The defendants constituted a firm of stockbrokers and plaintiff was one of their customers. In the month of May or June, 1909, the defendants bought for plaintiff’s account 100 shares of the common stock of the Columbus and Hocking Coal and Iron Company, which was listed and traded in on the New York Stock Exchange, and carried the same for him on margin. About two months later, when the stock had gone up nearly twenty points and was selling at seventy-six dollars or seventy-seven dollars per share, he gave them an order known as a stop or stop loss order to sell it at…
2Cases cited5 opinions
- Montgomery County Bank v. . Albany City BankNew York Court of Appeals · 1852
- Porter v. . WormserNew York Court of Appeals · 1884
- McBride v. Illinois National BankAppellate Division of the Supreme Court of the State of New York · 1914
- Evans v. WrennAppellate Division of the Supreme Court of the State of New York · 1904
- Policastro v. Charles S. Sprague Co.Appellate Division of the Supreme Court of the State of New York · 1916
3Cited by1 opinion
- Cisler v. RayCalifornia Supreme Court · 1931