Legal Opinion
First National Bank of Windsor v. Gilbert Marshall & Co.
Colorado Court of Appeals
Decided August 31, 1989No. 88CA0930PublishedCited by 3 opinions
1Opinion of the Court
METZGER, Judge.
In this action concerning the disbursement of proceeds from the sale of securities, defendant, Gilbert Marshall & Company (broker), appeals the money judgment entered in favor of plaintiff, First National Bank of Windsor (bank). We affirm.
Robert Warren was indebted to the bank for sums in excess of $240,000, represented by several promissory notes. Collateral for these notes consisted of shares of stock in Warren’s name, which were held by the bank.
On February 21, 1986, Warren opened an account with the broker but did not fund it. However, he instructed the broker to send…
2Cases cited7 opinions
- Page v. ClarkSupreme Court of Colorado · 1979
- Tull v. Gundersons, Inc.Supreme Court of Colorado · 1985
- Leo Payne Pontiac, Inc. v. RatliffSupreme Court of Colorado · 1972
- Hartford Accident & Indemnity Co. v. Walston & Co.New York Court of Appeals · 1967
- United States Fidelity & Guaranty Company v. Royal National Bank of New York and Merrill Lynch, Pierce, Fenner & Smith, Inc.Court of Appeals for the Second Circuit · 1976
2 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Ballow v. PHICO Insurance Co.Supreme Court of Colorado · 1994
- Samsel v. Allstate InsuranceCourt of Appeals of Arizona · 2001
- Club Telluride Owners Ass'n v. MitchellColorado Court of Appeals · 2002