Legal Opinion

Helfhat v. Whitehouse

New York Court of Appeals

Decided January 5, 1932PublishedCited by 9 opinions

1Opinion of the CourtLehman, J.

The defendants are stockbrokers and members of the Stock Exchange. In February, 1928, they held 1,000 shares of Warner-Quinlan Oil Company stock for plaintiff’s account. They gave one E. H. Stern a “ stop loss ” order to sell this stock when it fell to a certain price. Stem was a “ specialist ” in that stock. Stern notified the defendants that the stock was sold in accordance with the stop loss order, and the defendants in turn notified the plaintiff. He objected to the sale and then brought this action, alleging in his complaint that his stock was “ held and carried, under and pursuant to an…

2Cases cited8 opinions

  1. Irwin v. WilliarSupreme Court of the United States · 1884
  2. Hall v. PaineMassachusetts Supreme Judicial Court · 1916
  3. Haight v. Haight & Freese Co.Appellate Division of the Supreme Court of the State of New York · 1906
  4. Hurd v. . TaylorNew York Court of Appeals · 1905
  5. Haight v. . Haight Freese CompanyNew York Court of Appeals · 1907

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3Cited by9 opinions

  1. A. W. Banko, Inc. v. StateNew York Court of Claims · 1946
  2. Johnson v. WinslowNew York Supreme Court · 1935
  3. Gorlin v. Master Contracting Corp.New York Supreme Court · 1958
  4. Marine Trust Co. v. WillisAppellate Division of the Supreme Court of the State of New York · 1934
  5. Albans Holding Corp. v. BlumAppellate Division of the Supreme Court of the State of New York · 1946

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