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SCHILLNER v. H. VAUGHAN CLARKE & CO.

No. 182.

134 F.2d 875 (1943)

SCHILLNER et al. v. H. VAUGHAN CLARKE & CO. et al.

Circuit Court of Appeals, Second Circuit.

April 2, 1943.

Attorney(s) appearing for the Case

Miller, Hubbell & Evans, of Utica, N. Y. (Henry L. Schimpf, Jr., of Philadelphia, Pa., of counsel), for appellants.

Leonard W. Ferris, of Utica, for appellees.

Before SWAN, AUGUSTUS N. HAND, and CLARK, Circuit Judges.

SWAN, Circuit Judge.

This action is based upon the provisions of section 12 of the Securities Act of 1933, 15 U.S.C.A. § 77l which is printed in the margin1 with immaterial omissions. The plaintiffs are a widow and her daughter, both well advanced in years and lacking experience in financial matters, to whom H. Vaughan Clarke & Company, a stock brokerage house whose main office was in Philadelphia, sold two blocks of common...

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