INVESTMENT BANKERS OF AMERICA, INC. v. SCHOOLS

No. 2871.

178 A.2d 325 (1962)

INVESTMENT BANKERS OF AMERICA, INC., Appellant, v. Charles SCHOOLS, Appellee.

Municipal Court of Appeals for the District of Columbia.

Decided March 5, 1962.


Attorney(s) appearing for the Case

Hillel Abrams, Washington, D. C., for appellant.

Frank S. Morgan, Arlington, Va., for appellee.

Before HOOD, Chief Judge, QUINN, Associate Judge, and MYERS, Associate Judge of the Municipal Court for the District of Columbia, sitting by designation.


HOOD, Chief Judge.

This appeal is from an order vacating a default judgment upon which attachment had been issued.

The action was brought by a stock brokerage firm for the deficiency balance resulting from its forced sale of securities alleged to have been purchased by the defendant. Defendant was personally served on March 22, 1960. On the morning of April 13, 1960, plaintiff's counsel obtained a default judgment on its verified complaint for failure of defendant...

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