Krinsky v. Whitney

This is an action of contract in five counts to recover from the defendants the losses that the plaintiff alleged were sustained by him on account of fraud and breach of contract by the defendants arising out of a margin account which he had with the defendants. The first count alleged that the defendants had failed, neglected and refused to close out the. plaintiff’s account when he demanded that they do so on February 4, 1930, at a time when he had a large equity in the account, that they did not close out the .account until October, 1930, and that in consequence thereof the plaintiff…