Detroit Trust Co. v. Struggles

According to the allegations of the bill of complaint of plaintiff, the executor of the estate of John L. Liggett, of Detroit, several months before his death, Liggett and his nephew, Thorpe J. Struggles, of Cleveland, brought to the Detroit office of defendant E. A. Pierce & Company, a certificate representing 500 shares of class A stock of Devoe & Reynolds Co., Inc., then standing on the books of the company in the name of Liggett. Struggles, a customer of E. A. Pierce & Company, had an account at their Detroit office, where he was purchasing stocks on margin. It is claimed that E. A.…