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MINTZER v. ARTHUR L. WRIGHT CO.

No. 12684.

263 F.2d 823 (1959)

Inez B. MINTZER, Lynwood F. Mintzer, Jr., Miriam P. Myers, Paul Becotte, Nora Becotte, Margaret Harvey, Joseph Harvey, Moe Wiesenthal, Kathryn Wiesenthal v. ARTHUR L. WRIGHT & CO., Inc., a Corporation, Appellant.

United States Court of Appeals Third Circuit.

Decided February 17, 1959.

Attorney(s) appearing for the Case

Edwin S. Heins, Philadelphia, Pa. (Raspin, Espenshade, Heins, Erskine & Stewart, Philadelphia, Pa., on the brief), for appellant.

Herbert A. Fogel, Philadelphia, Pa. (David F. Maxwell, Obermayer, Rebmann, Maxwell & Hippel, Philadelphia, Pa., Albert Ash, Robert K. Bell, Ocean City, N. J., on the brief), for appellees.

Before GOODRICH, McLAUGHLIN and KALODNER, Circuit Judges.

McLAUGHLIN, Circuit Judge.

Arthur L. Wright & Company, is a securities brokerage house with its principal place of business at Philadelphia, Pennsylvania. The various plaintiffs were customers of defendant's sales representative, Robert A. Kershaw, in Ocean City, New Jersey. Kershaw seems to have grossly abused the trust placed in him by defendant's president (who was also its principal stockholder) through his improper dealing with funds and securities placed...

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