Ling v. Malcom
Supreme Court of Connecticut
Action against stock brokers to recover damages for an alleged wrongful sale of stocks bought upon margin and held by them as collateral security, brought to the Superior Court in Hartford County and tried to the jury before Case, J.; verdict and judgment for the plaintiff for $3,500, and appeal by the defendants.
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Action against stock brokers to recover damages for an alleged wrongful sale of stocks bought upon margin and held by them as collateral security, brought to the Superior Court in Hartford County and tried to the jury before Case, J.; verdict and judgment for the plaintiff for $3,500, and appeal by the defendants. The complaint in this action is as follows : “ 1. The plaintiff, on or about January 1st, 1903, contracted with the defendants, for a commission to be paid to them, to purchase for him shares of stock in certain corporations as he might direct, and to obtain for and loan to him snch…
1Opinion of the Court
The appeal complains of the charge and rulings of the trial court upon the question of the defendants' right to sell the stocks and securities on the 10th of June, and upon the question of damages.
Upon the first question the defendants asked the court to charge the jury in substance that upon the pleadings and evidence they had the right to call for the $10,000 additional margin, and, upon plaintiff's failure to furnish it, to sell the stocks and securities to protect themselves; and that there was no complaint in the pleadings that the notice of the requirement of further margin was not…
2Cases cited7 opinions
- Galigher v. JonesSupreme Court of the United States · 1889
- Wright v. . Bank of the MetropolisNew York Court of Appeals · 1888
- Skiff v. StoddardSupreme Court of Connecticut · 1893
- Wiggin v. Federal Stock & Grain Co.Supreme Court of Connecticut · 1905
- Hatch v. DouglasSupreme Court of Connecticut · 1880
2 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Fitzgerald v. Merard Holding Co.Supreme Court of Connecticut · 1927
- Spicer v. HincksSupreme Court of Connecticut · 1931
- Niehuss v. Merrill Lynch, Pierce, Fenner & Smith, Inc.Appellate Court of Illinois · 1986
- Bushnell v. CurtisAppellate Court of Illinois · 1925
- Raymond v. ParkerSupreme Court of Connecticut · 1911
3 more not listed; retrieve them via the Exa API.