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POGUE v. RETAIL CREDIT COMPANY

Nos. 71-1270, 71-1271.

453 F.2d 336 (1972)

Marti POGUE, Appellant, v. RETAIL CREDIT COMPANY, Appellee. Marti POGUE, Appellant, v. George HAMMERLY, t/a Garrett Insurance Agency, a/k/a George P. Hammerly Associates, Appellee.

United States Court of Appeals, Fourth Circuit.

January 19, 1972.

Attorney(s) appearing for the Case

Daniel G. Grove, and Amram, Hahn, Sandlun & Sandground, Washington, D. C., and Edward Whitaker, Arlington, Va., on brief, for appellant in Nos. 71-1270 and 71-1271.

Adelard L. Brault and Brault, Lewis & Geschickter, Fairfax, Va., on brief, for appellee Retail Credit Co. in No. 71-1270.

E. Waller Dudley and Boothe, Dudley, Koontz, Blankingship & Stump, Alexandria, Va., on brief, for appellee George Hammerly in No. 71-1271.

Before HAYNSWORTH, Chief Judge, and SOBELOFF and BOREMAN, Senior Circuit Judges.

PER CURIAM:

In 1967 Miss Pogue, of Miami, Florida, read an advertisement placed by the Walker & Townsend Co. of New York. The advertisement stated that Walker & Townsend would make loans, with securities as collateral, up to ninety per cent of the value of the securities. By comparison, bank loans to finance stock purchases were then restricted to twenty per cent of the value of the securities due to margin requirements. Miss Pogue, an experienced businesswoman...

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