Harris v. Friedman

The plaintiffs in the first case, constituting the firm of Blake Brothers and Company, stockbrokers (herein referred to as the plaintiffs), seek to recover from their customer, Friedman (referred to hereafter as the defendant), the balance alleged to be due on his margin account with them. In the cross action Friedman sues to recover from the brokers a sum representing the securities and cash he had deposited with them, on the ground that they had failed to make actual purchases and sales on his *481orders, and to carry the securities for him in accordance with their alleged contract. The cases…