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DANFORD v. SCHWABACHER

No. 71-190.

342 F.Supp. 65 (1972)

Fred DANFORD, Plaintiff, v. Albert E. SCHWABACHER, Jr., et al., Defendants.

United States District Court, N. D. California.

March 23, 1972.

Attorney(s) appearing for the Case

James C. Gaither, Cooley, Crowley, Gaither, Godward, John Hoffman, Castro & Huddleson, San Francisco, Cal., for plaintiff.

John B. Clark, Miller, Groezinger, Pettit & Evers, Weyman I. Lundquist, Heller, Ehrman, White & McAuliffe, Robert D. Raven, Morrison, Foerster, Holloway, Clinton & Clark, E. Judge Elderkin, Thomas A. Welch, Brobeck, Phleger & Harrison, James Rosenquist, Orrick, Herrington, Rowley & Sutcliffe, San Francisco, Cal., for defendants.

MEMORANDUM OPINION

SCHNACKE, District Judge.

Plaintiff alleges that before the events here complained of, he was for 48 years employed by defendant Schwabacher and Company (Schwabacher) as a salesman and registered representative. He was also a customer of Schwabacher. He maintained a customer account with the firm and had deposited therein his cash and securities having an aggregate market value in excess of $1.5 million. Late in 1967, when Schwabacher...

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