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UNGERLEIDER v. CITIZENS COMMERCIAL & SAVINGS BANK

No. 7725.

104 F.2d 718 (1939)

UNGERLEIDER et al. v. CITIZENS COMMERCIAL & SAVINGS BANK OF FLINT, MICH.

Circuit Court of Appeals, Sixth Circuit.

June 9, 1939.

Attorney(s) appearing for the Case

Leo Mellen, of Detroit, Mich. (Leo Mellen and Freud, Markus & Stutz, all of Detroit, Mich., on the brief), for appellants.

Edward S. Clark, Jr., of Bay City, Mich. (Homer J. McBride, of Flint, Mich., and Clark & Henry, of Bay City, Mich., on the brief), for appellee.

Before HICKS, SIMONS, and HAMILTON, Circuit Judges.

HICKS, Circuit Judge.

Samuel Ungerleider & Company of New York City, was a stock brokerage partnership composed of seven individuals. Appellee was a bank located at Flint, Michigan. Appellants brought this action in assumpsit but by an amendment it became an action for damages for negligence. Following purported sales by them of certain securities to one Thomas R. Buckham of Flint, appellants drew six sight drafts therefor...

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