The defendant is a broker-dealer in the securities field. On or about December 17, 1958, plaintiff, a customer of the defendant, purchased through the defendant a $500 6% convertible bond maturing in 1974, of the corporation then known as "Two Guys From Harrison", which corporation's name was later changed to Vornado, Inc.
This was a cash transaction and the bond in bearer form remained in the possession of the defendant broker...
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