LEVENBURG v. MERRILL, LYNCH, PIERCE, FENNER & BEANE

Docket No. 55, Calendar No. 45,043.

334 Mich. 508 (1952)

54 N.W.2d 626

LEVENBURG v. MERRILL, LYNCH, PIERCE, FENNER & BEANE.

Supreme Court of Michigan.

Decided September 4, 1952.


Attorney(s) appearing for the Case

Maxwell M. Lowe (Richard G. Eubank, of counsel), for plaintiffs.

Dickinson, Wright, Davis, McKean & Cudlip (Daniel J. Tindall, Jr., and Richard C. Van Dusen, of counsel), for defendant.


SHARPE, J.

This is an action for damages for the claimed unlawful sale of 300 shares of Atlantic Gulf & West Indies Steamship Lines. Plaintiffs, Charles C. Levenburg and Annette J. Levenburg, in November, 1948, were the owners of 300 shares of the above stock. From 1944 to December, 1948, plaintiffs had about 50 transactions with defendant company, which included the buying and selling of stock. The majority of these transactions were margin accounts, and the...

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